Hyundai’s standing as India’s No.2 carmaker was hardly ever challenged within the practically three a long time because it entered the market with the Santro. In any case, the South Korean carmaker has created one class after one other in India’s fast-growing automotive business—assume the i20 (premium hatchback), the Creta (compact SUV) and, after all, the Santro (tallboy).
However, issues change.
Gross sales of the Creta maker fell 0.66% year-on-year to five,59,149 models in 2024-25—the 12 months it launched India’s largest preliminary public providing to listing on the inventory exchanges. Its assured No.2 standing has come underneath menace from traditionally smaller friends Tata Motors Ltd. and Mahindra & Mahindra Ltd.
In opposition to that backdrop, analysts will search for cues in Hyundai India’s fourth-quarter outcomes for outlook on demand in fiscal 2026 amid rising competitors and slowing gross sales.
The tidings aren’t wanting good, although.
Internet revenue of Hyundai India doubtless fell by no less than a fifth from the year-ago interval to Rs 1,332 crore within the three months ended March 31, 2025, whilst income remained stagnant at Rs 17,350 crore, based on analysts polled by Bloomberg. Operational revenue—measured as earnings earlier than curiosity, tax, depreciation and amortisation—decreased 16.65% to Rs 2,101.7 crore, at a margin that shrunk 160 foundation factors to 12.7%.
One foundation level is one-hundredth of a share level.
“Income is more likely to decline by 1% YoY because of a fall in gross sales volumes and better reductions, which will likely be partially offset by improve in common promoting value,” Rishi Vora of Kotak Institutional Equities stated in a be aware.
At 1,91,650 models, Hyundai India bought 1% fewer automobiles in This fall FY25.
Nirmal Bang’s Varun Baxi weighed in on margins.
“We construct in a margin decline of 204 bps, largely because of destructive working leverage, on account of quantity decline and better uncooked materials prices booked in the course of the quarter, together with larger advertising and marketing spend regarding the launch of the Creta EV.”
Nonetheless, that’s a factor of the previous. In any case, the broader automotive business grew by lower than 5% in fiscal 2025, based on VAHAN information.
Analysts imagine fiscal 2026 brings with it good tidings—revenue tax cuts, implementation of the Eighth Pay Fee and a festive season that when is packed in a single month.
Right here’s a take a look at what brokerages count on from Hyundai India’s fourth-quarter outcomes.