Hyundai Motor India Ltd (HMIL) reported a robust second quarter for FY26, driven by record rural sales and an all-time high contribution from sport utility vehicles (SUVs), underscoring the carmaker’s broad-based growth across urban and non-urban markets.
The company said its rural contribution climbed to a highest-ever 23.6% of total domestic sales, reflecting deepening penetration in smaller towns and rural clusters.
At the same time, SUVs made up 71.1% of Hyundai’s domestic volumes, marking the strongest-ever share for the segment. Overall domestic sales rose 5.5% quarter-on-quarter, aided by festive season sentiment and what the company called “transformative GST 2.0 reforms.”
Exports also remained a bright spot, growing 21.5% year-on-year and accounting for 27% of Hyundai’s total sales volumes.
Revenue for the quarter stood at ₹174,608 million, up 1.2% year-on-year, while EBITDA rose 10.1% to ₹24,289 million, translating into a margin of 13.9%, an improvement of 113 basis points from the previous year.
The company attributed the margin expansion to a favourable product and export mix, coupled with continued cost-optimisation efforts. Profit after tax (PAT) increased 14.3% year-on-year to ₹15,723 million.
Commenting on the results, Unsoo Kim, Managing Director, Hyundai Motor India Ltd, said:
“We delivered a strong financial performance for the quarter across key metrics with evident growth in revenue and profitability. The strong EBITDA margins at nearly 14% is a further testament of our ‘Quality of Growth’ strategy, complemented by robust exports and consistent cost optimisation efforts. The transformative GST reforms have acted as a catalyst and looking ahead, we aim to keep pace with the industry’s growth momentum for the residual part of the year, while our strong export performance is set to surpass targets for FY26.”
The quarter also showed broad-based strength across market segments amid festive demand and steady export momentum.
The company said its rural contribution climbed to a highest-ever 23.6% of total domestic sales, reflecting deepening penetration in smaller towns and rural clusters.
At the same time, SUVs made up 71.1% of Hyundai’s domestic volumes, marking the strongest-ever share for the segment. Overall domestic sales rose 5.5% quarter-on-quarter, aided by festive season sentiment and what the company called “transformative GST 2.0 reforms.”
Exports also remained a bright spot, growing 21.5% year-on-year and accounting for 27% of Hyundai’s total sales volumes.
Revenue for the quarter stood at ₹174,608 million, up 1.2% year-on-year, while EBITDA rose 10.1% to ₹24,289 million, translating into a margin of 13.9%, an improvement of 113 basis points from the previous year.
The company attributed the margin expansion to a favourable product and export mix, coupled with continued cost-optimisation efforts. Profit after tax (PAT) increased 14.3% year-on-year to ₹15,723 million.
Commenting on the results, Unsoo Kim, Managing Director, Hyundai Motor India Ltd, said:
“We delivered a strong financial performance for the quarter across key metrics with evident growth in revenue and profitability. The strong EBITDA margins at nearly 14% is a further testament of our ‘Quality of Growth’ strategy, complemented by robust exports and consistent cost optimisation efforts. The transformative GST reforms have acted as a catalyst and looking ahead, we aim to keep pace with the industry’s growth momentum for the residual part of the year, while our strong export performance is set to surpass targets for FY26.”
The quarter also showed broad-based strength across market segments amid festive demand and steady export momentum.
