Hyundai Motor India Q4 Result: Net profit slips 22% YoY; board approves final dividend of ₹21 per share for FY26

Carmaker Hyundai Motor India reported a 22% decline in its consolidated net profit at ₹1,256 crore for the quarter ended March 31, 2026, as compared to ₹1,614 crore in the same quarter of the previous fiscal year.

Its revenue from operations stood at ₹18,916 crore for the quarter under review as against ₹17,940 crore seen in the corresponding quarter last year, marking a growth of 5.4% year-on-year (YoY).

Hyundai’s operating profit, also known as earnings before interest, taxes, depreciation, and amortisation (EBITDA) for Q4 FY26, slipped 22% to ₹1,966 crore in contrast to ₹2,532 crore seen in the corresponding quarter the previous year.

Its margin contracted to 10.4% in the reporting quarter as compared to 14.1% YoY.

Along with the earnings, Hyundai Motor India’s board of directors has recommended a final dividend of ₹21 per equity share (face value ₹10 each) for the financial year ended March 31, 2026, subject to shareholder approval at the upcoming 107th AGM.

The auto major said it had reported the highest-ever quarterly domestic sales in Q4 FY26, supported by GST 2.0 tailwinds and agile product interventions, with wholesale volumes rising 8.7% year-on-year. The company also achieved a record 25% rural penetration during the quarter, reflecting deeper market reach.

In Q4 FY26, Hyundai’s exports grew at 9.4% YoY, despite geopolitical headwinds. The makers of Verna closed FY26 with a strong growth of 16.4%.

Hyundai Motor India, in a statement, said that CNG vehicles contributed a record 18% to its sales in Q4 FY26, driven by rising adoption and its entry into the commercial mobility segment. The firm also achieved all-time high sales volumes for the Aura, both for the quarter and the full year, while its new-age offerings, Verna and Exter, continued to strengthen the portfolio with advanced design and features.

“FY26 was a year where we demonstrated our ability to effectively navigate a challenging environment while capitalising on emerging opportunities, supported by GST 2.0 reforms, strategic product interventions, strong export volumes and our continued focus on ‘Quality of Growth’,” said Tarun Garg, Managing Director and CEO of Hyundai Motor India.

The carmaker also announced the expansion of its Pune facility by an additional 70,000 units after Phase II, which will take its total production capacity to 1.14 million units by 2030.

Outlook for FY27

Hyundai Motor India outlined its outlook for FY27, including plans to launch two completely new nameplates to expand its presence in the SUV segment. Of these new launches, one will strengthen the firm’s position in the mid-SUV segment, while the other will mark the debut of our localised dedicated EV in the compact-SUV space.

The company expects domestic volume growth of 8–10%, driven by product actions and network expansion, along with export volume growth of 8–10% supported by continued market diversification and product-led opportunities.

Hyundai also plans a capital expenditure of around ₹7,500 crore to support its growth in India and aims to deliver EBITDA margins within the guided range of 11–14%.

“Looking ahead to FY27, we have started the year on a strong footing, with April domestic volumes growing 17% YoY. We expect this positive momentum to continue, and backed by new product launches in high-demand segments and other strategic initiatives, we expect 8-10% volume growth in the domestic market,” said Garg.

Further, Garg said that while the company remains watchful of geopolitical uncertainties in exports, it is confident of achieving 8–10% volume growth and reinforcing its position as a hub for emerging markets.

Ahead of the earnings on Friday, shares of Hyundai Motor India closed at ₹1,852.80 apiece on the National Stock Exchange, rising 0.93%.