Hyundai Motor India Limited saw a 22.2% year-on-year drop in consolidated net profit for the fourth quarter of FY26, amounting to Rs 1,255.6 crore compared to Rs 1,614.3 crore in the same period the previous year. Despite this decline, the company’s revenue from operations rose by 5.4% to Rs 18,916.15 crore during the January-March quarter, up from Rs 17,940.28 crore in the corresponding period last year.
Expenses for Hyundai Motor India increased at a faster rate than revenue in the quarter, with total expenses rising by 10% year-on-year to Rs 17,571.7 crore. This increase was primarily driven by changes in inventories of finished goods, work-in-progress, and stock-in-trade. Operational performance was also impacted, with EBITDA falling by 22.4% to Rs 1,966 crore from Rs 2,532.7 crore in the previous year.
Despite these challenges, Hyundai Motor India highlighted strong sales performance during the quarter, achieving its highest-ever quarterly domestic sales in Q4 FY26. Wholesale volumes saw an 8.7% year-on-year increase, supported by GST 2.0 tailwinds and various product interventions. The company also noted its highest-ever quarterly rural penetration of 25%, indicating a broader market reach in rural India.
The company’s CNG portfolio contribution reached a record 18% during the quarter, driven by growing consumer adoption and expansion into the commercial mobility segment. Additionally, exports remained robust despite geopolitical uncertainties, with a 9.4% year-on-year growth in the fourth quarter and a 16.4% increase for the full-year FY26. Looking ahead, Hyundai Motor India anticipates domestic and export volume growth of 8-10% in FY27, supported by new product actions, network expansion, and market diversification initiatives.
Tarun Garg, Managing Director & Chief Executive Officer of Hyundai Motor India, expressed confidence in the company’s performance, highlighting the strategic initiatives undertaken in FY26. Garg emphasized the company’s ability to navigate challenges and leverage opportunities, driven by reforms, product interventions, export growth, and a focus on quality of growth.
