Q3 FY26 revenue reached Rs 17,974 crore (+8.0% YoY) with total sales at 195,436 units (+4.8%). Export volumes surged 21.1% to 48,888 units. EBITDA margin held steady at 11.2% while SUV penetration remained at 70% of domestic mix.
Q3 FY26 revenue at Rs 17,974 crore (+8.0% YoY) marks the strongest quarter this fiscal. This is driven by a combination of export volume momentum (+21.1%) and improving domestic realisations from SUV-heavy mix. EBITDA grew 7.6% YoY to Rs 2,018 crore, maintaining an 11.2% margin despite input cost pressures.
Total sales hit 195,436 units (+4.8% YoY). Domestic volumes turned marginally positive at +0.4% after multiple quarters of pressure. Exports at 48,888 units (+21.1%) continue to carry growth. 9M FY26 total sales stand at 566,756 units, with exports up 18.5% offsetting a 6.0% domestic decline.
SUVs accounted for 103,004 units (70% of domestic volumes). Creta, Venue, and Alcazar continue to drive premiumisation. Hatchbacks at 17% and sedans at 13% reflect the structural shift away from entry-level segments.
Petrol holds 62% of domestic dispatches, diesel at 21%, CNG at 16%. EV penetration remains at just 1%, signalling that Hyundai's Creta EV launch in FY27 will be critical for electrification targets.
EBITDA margin held flat YoY at 11.2% despite commodity headwinds. PAT at Rs 1,234 crore (6.8% margin, +6.3% YoY) shows bottom-line stability. Operating leverage from export volumes is supporting margins.
Q3 confirms the revenue inflection point for Hyundai India. With domestic volumes finally turning positive and exports sustaining 20%+ growth, the company's diversified sales strategy is delivering. The challenge for Q4 will be maintaining this trajectory as the festive tailwind fades and EV competition intensifies with new launches from Tata, Mahindra, and Maruti.
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