Hyundai Motor India Ltd reported its Q1 FY26 results on Wednesday, revealing a challenging quarter amid subdued domestic demand. The company posted a profit after tax of ₹1,369 crore, down 8% from ₹1,490 crore in the same quarter last fiscal.
Total sales declined 6.1% year-on-year, falling from 192,055 units in Q1 FY25 to 180,399 units in Q1 FY26. Domestic sales saw a sharper drop of 11.5%, down to 132,259 units from 149,455 units in the year-ago quarter.
Revenue for the quarter slipped by 5.3% to ₹16,412 crore. However, EBITDA rose to ₹2,340 crore, with a slight increase in EBITDA margin from 13.3% in Q1 FY25 to 13.5% in Q1 FY26. This was a decline from the 14.1% margin recorded in Q4 FY25.
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Despite the challenges, Hyundai noted key product milestones during the quarter. The Creta retained its position as the segment leader in the SUV category, while the i10 surpassed cumulative domestic and export sales of 30 lakh units in Q1 FY26. “SUVs continue to gain traction across both urban and rural markets,” the company said.
However, overall SUV sales fell 10% year-on-year to 90,531 units in Q1 FY26. Sedan and hatchback segments also experienced a decline. Hatchback sales dropped from 31,076 units in Q1 FY25 to 24,118 units, while sedan sales marginally slipped from 17,634 units to 17,610 units during the same period.
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“We continued our stated strategy of ‘Quality of Growth’ in the first quarter of FY26 with a balance between domestic and exports, market share, and profitability. This strategy helped us sustain a strong EBITDA margin of 13.3% during the quarter, despite the tough macro-economic environment,” said Unsoo Kim, Managing Director, Hyundai Motor India.
According to the company’s stock exchange filing, exports remained a bright spot, growing from 42,600 units in Q1 FY25 to 48,140 units in Q1 FY26. In contrast, domestic performance was impacted by broader economic challenges.
Looking ahead, Hyundai expects improved sales in upcoming quarters, citing the onset of the monsoon, the festive season, and supportive government policies as potential drivers of domestic demand recovery.
