Maruti Suzuki Q4 FY26 results: key estimates, dates

Maruti Suzuki India’s Q4 FY26 results are shaping up to be one of the key events of the April-May earnings season, with the company expected to take up the audited numbers at a board meeting in late April 2026. Multiple previews in circulation point to different dates for the board meeting, but the common thread is that the announcement will arrive alongside the full-year wrap-up and any discussion on dividends.

For investors, the timing matters because Maruti Suzuki’s stock has seen a muted one-year return of about (-)4% to (-)5% in some reports. With the stock trading around ₹11,900 in one dataset and around ₹12,050 in another, the Q4 print and the management commentary that follows are likely to be a key input for near-term positioning.

Key dates: board meeting and earnings call

The most-cited expectation in the supplied material is that Maruti Suzuki’s board meeting to consider Q4 FY26 results will be held on April 25, 2026 (expected). A separate note in the same overall dataset says the board of directors is scheduled to meet on April 29, 2026 to approve audited financial statements for Q4 FY26 and consider a recommendation for a final dividend for FY26.

In addition, an earnings conference call is listed for April 28, 2026 at 5:45 PM, intended for analysts and investors to discuss the company’s financial performance.

Where the stock stands heading into results

Maruti Suzuki is described as trading around a CMP of about ₹11,900 in one snapshot, versus a 52-week high of ₹13,680 and a 52-week low of ₹10,650. Another section cites a CMP of ₹12,050 and a 52-week low of ₹10,440, indicating small differences across sources and observation dates.

The one-year stock return is cited at roughly (-)4% in one table and (-)5% in another narrative. With the stock not far from the middle of the 52-week range, the focus shifts to whether Q4 delivery and FY27 commentary can reset expectations.

Q3 FY26 sets a high base for Q4 comparisons

The Q3 FY26 data in the provided material points to a strong base. One headline mentions Q3 results where net profit rose 4% to ₹3,794 crore and revenue grew 29%. A Q3 FY26 snapshot table elsewhere in the same material lists revenue at ₹37,492 crore and net profit (PAT) at ₹3,736 crore, alongside an EBITDA margin of 13.2%.

The presence of two PAT figures for the same quarter in the supplied text highlights why investors typically look for the company’s final audited disclosures and reconciliations. Still, the broad takeaway is consistent: Q3 was strong enough that Q4 needs to clear a relatively elevated comparison base.

Street estimates for Q4 FY26: revenue, PAT and margins

Brokerage expectations in the preview cluster around a Q4 FY26 revenue band of ₹38,500 crore to ₹41,000 crore. Net profit (PAT) is estimated at ₹3,900 crore to ₹4,500 crore. On margins, the EBITDA margin is forecast at 13.5% to 14.5%, which would be higher than the 13.2% noted for Q3 FY26 in the snapshot table.

The improvement thesis in the supplied notes is linked to operating leverage in a strong volume quarter and easing commodity pressures. At the same time, the text flags cost pressure as a key risk, based on how recent quarters have played out.

Volume expectations and what the market will track

Volume is a central variable in the previews, with one table putting Q4 FY26 volume estimates at 5.8 to 6.1 lakh units. Separately, the material notes that a recovery in exports is part of the positive case being tracked by some investors.

Since Maruti Suzuki’s earnings sensitivity can be influenced by mix and operating costs, investors typically weigh volumes alongside margins rather than treating revenue alone as the decisive indicator. That context is particularly relevant when the Street is already pencilling in EBITDA margin expansion versus Q3.

A reminder from Q4 FY25: revenue growth does not always lift profit

The supplied Q4 FY25 numbers are used in the material as a cautionary reference point. One set of results states revenue from operations rose 5.9% year-on-year to ₹38,848.8 crore, while PAT declined 4.3% to ₹3,711.1 crore.

The same data set shows operating EBIT at ₹3,392.3 crore, down 14.2%, alongside sales volume of 6.04 lakh units (604,635). The Q4 FY25 pattern matters for Q4 FY26 expectations because it illustrates that cost movements and operating line items can outweigh topline growth.

Full-year context from FY2024-25

The material also provides full-year figures to frame the scale of operations. Net sales are stated at ₹145,115.2 crore in FY2024-25, up 7.5% from ₹134,937.8 crore in FY2023-24. Net profit is stated at ₹13,955.2 crore, 5.6% higher than ₹13,209.4 crore.

A record dividend of ₹135 per share is also mentioned in the supplied text. Separately, some preview notes say the board may consider a final dividend alongside results, but the amount is presented as an expectation rather than a confirmed decision.

Key numbers at a glance

Market impact: what could move the stock immediately

Given the stock’s modest one-year performance in the supplied data, the immediate market reaction is likely to hinge on whether reported revenue and PAT land within the estimate bands and whether EBITDA margin trends toward the upper end of forecasts. Investors will also compare the print with Q3’s reported margin of 13.2% and the Q4 FY25 pattern where higher revenue coincided with lower profit.

Beyond the headline numbers, the next scheduled event after the board meeting is the earnings call. That forum is where management commentary on volumes, exports, and cost trends typically provides the market with the context needed to interpret the quarter and set expectations for the next financial year.

Conclusion

Maruti Suzuki’s Q4 FY26 results are expected in late April 2026, with Street estimates pointing to ₹38,500-41,000 crore revenue, ₹3,900-4,500 crore PAT, and 13.5%-14.5% EBITDA margin. With the board meeting date(s) and the April 28 earnings call on the calendar, investors are positioned to get clarity on reported numbers and management’s next set of comments soon after the announcement.