New Delhi

Thecountry’s largest carmaker Maruti Suzuki India (MSI) on Friday reported a 9.11 per cent decline in its consolidated net profit at Rs 3,446.9 crore in the first quarter ended June 2026, hit by high material costs, despite posting record quarterly vehicle sales.

The auto major, which had posted a net profit of Rs 3,792.4 crore in the same quarter of the previous fiscal, said its board also approved four CBG (compressed biogas) projects in the first phase with a budget of Rs 561 crore.

Total revenue from operations was up 35.9 per cent at Rs 52,469.8 crore in the first quarter as against Rs 38,605.2 crore in the same period of 2025-26 fiscal, Maruti Suzuki India said in a regulatory filing.

Total expenses in the quarter under review were higher at Rs 50,000.3 crore as compared to Rs 35,585.4 crore in the year-ago period, the company said. Cost of materials consumed in the first quarter shot up to Rs 32,013.2 crore from Rs 21,936.8 crore in the corresponding period last fiscal, it added.

“Material costs had started to increase in the quarter and were seriously aggravated during the war...,” the company said, adding that it had an impact on its bottomline.