Maruti Suzuki dividend FY26: Rs 140 record date set

Maruti Suzuki India Ltd (MSIL) has recommended a final dividend of Rs 140 per share for the financial year ended March 31, 2026 (FY26), alongside its fourth-quarter results. The company described this as its highest-ever dividend for shareholders, in value terms.

The dividend remains subject to shareholder approval at the company’s upcoming annual general meeting (AGM). If approved, Maruti Suzuki has laid out a clear timetable for determining eligibility and for making the payment.

What the board approved and what shareholders should note

In its exchange filing, Maruti Suzuki said its board of directors, in a meeting held on April 28, 2026, considered and recommended the final dividend for FY26. The dividend is Rs 140 per equity share, with a face value of Rs 5 per share.

The company also expressed the dividend as 2,800% for FY25-26, reflecting the percentage of the face value. For investors, the operational takeaway is the per-share dividend amount, the record date, and the payment date.

Key dates: record date, AGM, and expected payment

Maruti Suzuki has fixed August 7, 2026 as the record date to determine which shareholders are eligible to receive the dividend. The company said eligibility will be based on members whose names appear in the register of members or beneficial owners as of close of business hours on that date.

The AGM is scheduled for August 31, 2026. If shareholders approve the recommendation at the AGM, the company said the dividend payment is scheduled for September 9, 2026.

Dividend size and total payout for FY26

Maruti Suzuki said the total dividend payout for FY26 is Rs 4,401.6 crore (also disclosed as Rs 44,016 million). This makes it the automaker’s largest-ever dividend in terms of value, as described in the filing.

The FY26 payout is higher than the previous financial year’s dividend payout of Rs 4,244.4 crore, which corresponded to Rs 135 per share.

How FY26 compares with last year’s dividend

For the financial year 2024-25, Maruti Suzuki had recommended a final dividend of Rs 135 per share (face value Rs 5). In one of the disclosures included in the provided material, the company’s FY2024-25 dividend filing also referenced a previous year dividend of Rs 125 per share, with an aggregate amount of Rs 3,930.0 crore (Rs 39,300 million).

This steady step-up in dividend per share from Rs 135 to Rs 140 is the headline change for FY26, alongside the higher total payout.

Q4 FY26 profit snapshot from the filing

Along with the dividend recommendation, Maruti Suzuki reported its March-quarter performance. The company posted a 6.91% fall in standalone profit after tax (PAT) to Rs 3,590.5 crore for the quarter ended March 2026.

It had reported net profit of Rs 3,857.3 crore in the corresponding quarter a year earlier, as per the exchange filing dated April 28. Separately, another snippet in the supplied material cited a roughly 7% year-on-year decline in consolidated net profit to about Rs 3,591 crore for the March quarter.

Record FY26 performance mentioned alongside the dividend

Maruti Suzuki also stated it reported its highest-ever annual sales, revenue and profit for the financial year ended March 31, 2026, while announcing the final dividend. The supplied text attributes the record annual performance to strong demand and exports, while noting Q4 profit pressure due to mark-to-market impacts.

No specific annual sales, revenue, or profit figures were provided in the input text beyond the Q4 profit numbers, so investors will typically look to the full audited financial statements and accompanying notes for details.

Stock reference points included in the supplied data

The supplied material also listed Maruti Suzuki’s 52-week trading range. It said the stock hit a 52-week high of Rs 17,370 on January 5, 2026, and a 52-week low of Rs 11,289 on April 28, 2025.

Another data line in the input showed the stock at Rs 13,461 with a 0.08% move (timestamped Apr 21, 2026). These points provide context but do not, by themselves, explain market reaction to the dividend recommendation.

Summary table: dividend and key dates

Market impact: what this announcement changes

For shareholders, the immediate implication is procedural: eligibility will be determined based on holdings as of the August 7, 2026 record date, and payment is scheduled for September 9, 2026 if the dividend is approved at the AGM on August 31.

From a financial perspective, the recommendation signals a higher cash outflow than last year, with the FY26 dividend payout disclosed at Rs 4,401.6 crore versus Rs 4,244.4 crore previously. At the same time, the company’s March-quarter standalone PAT fell to Rs 3,590.5 crore from Rs 3,857.3 crore a year ago, which provides context for near-term profitability.

Why this matters: dividends, governance, and timelines

Dividend announcements matter because they combine capital allocation with a fixed set of corporate-action dates. For retail investors especially, missing the record date can mean missing the payout even if the dividend headline is widely reported.

This case also shows how dividend decisions sit alongside quarterly performance. Maruti Suzuki announced its largest-ever dividend in value terms even as it reported a year-on-year decline in Q4 FY26 profit, and it flagged mark-to-market impacts as a factor in Q4 pressure in the supplied text.

Conclusion

Maruti Suzuki has recommended a final dividend of Rs 140 per share for FY26, with August 7, 2026 set as the record date and September 9, 2026 slated for payment, subject to shareholder approval. The AGM is scheduled for August 31, 2026, which is the next confirmed milestone investors will track for final approval of the payout.