Hyundai India (HMIL) experienced a significant 35.1% year-on-year drop in consolidated profit after tax for the first quarter of fiscal year 2027, amounting to ₹888.6 crore. This decline was attributed to a combination of factors, including a fire at a crucial supplier's facility that led to a temporary shutdown of a Chennai plant, increased total expenses, and disruptions to export operations due to the ongoing West Asia conflict. Consequently, the company's consolidated revenue saw a marginal decrease of 0.5%, while its EBITDA margin contracted to 9.3% from 13.3% in the prior year, exacerbated by elevated steel and commodity costs. Despite these headwinds, HMIL managed to achieve a domestic volume growth of 5.4%, with the Hyundai Venue recording its highest-ever quarterly domestic sales and impressive CNG penetration rates in the Aura and Exter models. The company anticipates a recovery in the second quarter with normalized production and a healthy demand environment, reaffirming its full-year guidance for volume growth and EBITDA margins. Additionally, HMIL has set August 5, 2026, as the record date for a ₹21 per equity share dividend, and Mukundan MS is set to assume the role of Chief Manufacturing Officer from September 1.

Hyundai India (HMIL) experienced a significant 35.1% year-on-year drop in consolidated profit after tax for the first quarter of fiscal year 2027, amounting to ₹888.6 crore. This decline was attributed to a combination of factors, including a fire at a crucial supplier's facility that led to a temporary shutdown of a Chennai plant, increased total expenses, and disruptions to export operations due to the ongoing West Asia conflict. Consequently, the company's consolidated revenue saw a marginal decrease of 0.5%, while its EBITDA margin contracted to 9.3% from 13.3% in the prior year, exacerbated by elevated steel and commodity costs. Despite these headwinds, HMIL managed to achieve a domestic volume growth of 5.4%, with the Hyundai Venue recording its highest-ever quarterly domestic sales and impressive CNG penetration rates in the Aura and Exter models. The company anticipates a recovery in the second quarter with normalized production and a healthy demand environment, reaffirming its full-year guidance for volume growth and EBITDA margins. Additionally, HMIL has set August 5, 2026, as the record date for a ₹21 per equity share dividend, and Mukundan MS is set to assume the role of Chief Manufacturing Officer from September 1.

Hyundai India (HMIL) experienced a significant 35.1% year-on-year drop in consolidated profit after tax for the first quarter of fiscal year 2027, amounting to ₹888.6 crore. This decline was attributed to a combination of factors, including a fire at a crucial supplier's facility that led to a temporary shutdown of a Chennai plant, increased total expenses, and disruptions to export operations due to the ongoing West Asia conflict. Consequently, the company's consolidated revenue saw a marginal decrease of 0.5%, while its EBITDA margin contracted to 9.3% from 13.3% in the prior year, exacerbated by elevated steel and commodity costs. Despite these headwinds, HMIL managed to achieve a domestic volume growth of 5.4%, with the Hyundai Venue recording its highest-ever quarterly domestic sales and impressive CNG penetration rates in the Aura and Exter models. The company anticipates a recovery in the second quarter with normalized production and a healthy demand environment, reaffirming its full-year guidance for volume growth and EBITDA margins. Additionally, HMIL has set August 5, 2026, as the record date for a ₹21 per equity share dividend, and Mukundan MS is set to assume the role of Chief Manufacturing Officer from September 1.

Hyundai Motor India Limited (HMIL) today posted a 35.1 per cent year-on-year drop in consolidated profit after tax to ₹8,886 million (about ₹888.6 crore) for the quarter ended 30 June 2026, down from ₹13,692 million a year earlier.

The carmaker’s consolidated revenue slipped 0.5 per cent to ₹163,346 million, while total expenses rose 4.2 per cent to ₹154,074 million, squeezing EBITDA margin to 9.3 per cent from 13.3 per cent a year ago.

The company attributed the weaker quarter to a fire at a supplier facility that forced a temporary shutdown at one of its Chennai plants, alongside cost pressures and export disruptions linked to the ongoing West Asia conflict. 

Production was fully restored by the end of June, and HMIL said domestic volume growth was limited to 5.4 per cent year-on-year because of the stoppage, even as the Hyundai Venue recorded its highest-ever quarterly domestic sales and CNG penetration in models such as the Aura and Exter climbed to record highs of 95 per cent and 32 per cent respectively.

Despite price hikes during the quarter, elevated steel and commodity costs continued to pressure margins, and export volumes fell sharply amid the geopolitical disruption in West Asia. 

Managing Director and CEO Tarun Garg described the quarter as “challenging” but said that with production now fully normalised and a healthy demand environment, recovery should gain pace from the second quarter, adding that the company remains committed to its FY27 guidance of 8–10 per cent year-on-year volume growth and an 11–14 per cent EBITDA margin.

HMIL also announced the record date for the ₹21 per equity share dividend as August 5 2026. Mukundan MS is also set to take over as Chief Manufacturing Officer from September 1 following the retirement of incumbent Gopalakrishnan CS. The results of the Creta-maker add to a broader trend among Indian automakers grappling with global supply-chain and geopolitical headwinds even as festive-season demand and product launches offer hope for a stronger second half.

Mukundan MS to take over as Chief Manufacturing Officer from September 1 

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