Maruti Suzuki’s consolidated net profit declines in the April–June quarter of FY27 as higher raw material and operating costs weigh on margins, despite strong revenue growth. Multiple outlets report the company’s Q1 revenue from operations rises about 36% year-on-year to around ₹52,456–₹52,469 crore. However, consolidated net profit falls in the same period, with figures cited at roughly ₹3,352 crore (Business Line) and ₹3,447 crore (Free Press Journal), indicating a year-on-year decline of around 9–11% versus the prior-year quarter. Free Press Journal adds that total expenses rise faster than revenue, with costs increasing to about ₹50,000 crore and EBITDA margin narrowing to 8.9% from 11.6% year-on-year. Raw material costs increase sharply, reported at about ₹32,013 crore and rising roughly 46% year-on-year. NDTV similarly attributes the lower profit to a surge in material costs and margin contraction. The outlets also note continued sales momentum, including growth in domestic and export volumes, alongside expanded domestic market share and activity related to manufacturing capacity.