Corrected: India's Maruti Suzuki misses quarterly profit view on slower exports growth, one-time charge

SUZUKI MOTOR

28/01/2026 08:46

Corrects year-ago profit figure in paragraph 2 to 36.59 billion rupees, not 35.25 billion rupees

Jan 28 (Reuters) - Maruti Suzuki MRTI.NS, India's top carmaker by sales, posted a smaller-than-expected quarterly profit on Wednesday, hurt by lower export proceeds, which partly offset a jump in domestic sales.

The Swift small car manufacturer reported a profit of 37.94 billion rupees ($413.5 million) for the October-December period, up from 36.59 billion rupees a year before, but fell short of analysts' expectation of 42.61 billion rupees, per data compiled by LSEG.

The quarterly results also included a one-time charge of 5.94 billion rupees tied to India's newly-enacted labour codes.

Maruti kicks off the earnings season for Indian automakers in a quarter where car sales hit a record high thanks to the country's tax cuts that made most models more affordable.

($1 = 91.7437 Indian rupees)

 (Reporting by Nandan Mandayam in Bengaluru; Editing by Mrigank Dhaniwala)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))