Daijiworld Media Network – New Delhi

New Delhi, Jan 28: India’s largest carmaker Maruti Suzuki on Wednesday reported a 4% year-on-year rise in standalone net profit for the December quarter at Rs 3,794 crore, compared to Rs 3,659 crore in the corresponding period last year.

However, the company’s quarterly profit came in lower than market expectations, impacted by weaker export realisations, even as domestic demand remained strong. The results also included a one-time provision of Rs 594 crore linked to the newly enacted labour codes.

Despite the pressure on profitability, Maruti Suzuki reported its highest-ever quarterly net sales, aided by a strong recovery in the domestic passenger vehicle market, especially in the small car segment, which continues to benefit from the 18% GST bracket.

The maker of popular models such as Swift, Brezza and Grand Vitara posted its highest-ever quarterly domestic sales at 5,64,669 units, up from 4,66,993 units in Q3FY25 — an increase of 97,676 units.

The company said the small car segment contributed significantly to this growth, adding 68,328 units during the quarter.

Maruti Suzuki’s total sales including exports also hit a record 6,67,769 units, compared to 5,66,213 units in the year-ago quarter. Last year’s figure included 4,66,993 domestic units and 99,220 exported units.

While exports remained a drag, the company’s strong domestic performance highlighted improving consumer sentiment and demand revival across key segments.