.jpg)
Despite the decline in profitability, Hyundai Motor India recorded a 5.4 percent increase in revenue from operations. Revenue for the quarter rose to Rs 18,916.15 crore from Rs 17,940.28 crore in the year-ago period. The company also announced a dividend of Rs 21 per equity share with a face value of Rs 10 each for FY26. Following the earnings announcement, Hyundai Motor India shares were trading 0.9 percent higher in late afternoon trade.
The company’s margins came under pressure as overall expenses increased at a faster pace than revenue growth. Total expenses rose 10 percent year-on-year to Rs 17,571.7 crore, mainly due to changes in inventories of finished goods, work-in-progress and stock-in-trade.
Operating performance also weakened during the quarter. Earnings before interest, taxes, depreciation and amortisation declined 22.4 percent year-on-year to Rs 1,966 crore from Rs 2,532.7 crore in the corresponding quarter last year. EBITDA margin narrowed significantly to 10.4 percent from 14.1 percent a year earlier.
Despite the pressure on profitability and margins, Hyundai Motor India highlighted strong operational momentum during the quarter. The company said it achieved its highest-ever quarterly domestic sales in Q4 FY26, with wholesale volumes rising 8.7 percent year-on-year. The growth was supported by GST 2.0 tailwinds and product interventions.
Hyundai Motor India also reported a record quarterly rural market penetration of 25 percent, reflecting deeper reach across non-urban markets. The contribution of the company’s CNG portfolio touched an all-time high of 18 percent during Q4 FY26, driven by increasing consumer adoption and Hyundai’s entry into the commercial mobility segment.
Exports also remained strong despite geopolitical challenges. Quarterly exports rose 9.4 percent year-on-year, while full-year FY26 exports increased 16.4 percent. The company said the performance reinforced India’s growing role as a manufacturing and export hub for emerging markets.
Looking ahead, Hyundai Motor India projected domestic and export volume growth of 8-10 percent in FY27. The company said the expected growth would be supported by product initiatives, network expansion and market diversification strategies.
Hyundai also outlined a capital expenditure plan of around Rs 7,500 crore for FY27 and stated that it aims to maintain EBITDA margins within its guided range of 11-14 percent.
Tarun Garg, Managing Director and Chief Executive Officer of Hyundai Motor India, said the company had started FY27 on a strong note, with April domestic volumes rising 17 percent year-on-year. He added that Hyundai expects the positive momentum to continue, supported by new product launches in high-demand segments and several strategic initiatives.
The latest quarterly performance reflects the challenging balance between rising operational costs and aggressive market expansion, even as Hyundai Motor India continues to strengthen its domestic presence, rural reach and export capabilities in an increasingly competitive automobile market.
About The Author
Comment List