CNG made up 18 per cent of sales, with the Hyundai Aura and Hyundai Exter at 95 per cent and 32 per cent, respectively.Hyundai Motor India Ltd on Thursday reported a 35.1 per cent year-on-year decline in consolidated net profit to ₹889 crore for the quarter ended June 30, 2026 (Q1 FY27), compared with ₹1,369 crore in the corresponding quarter last year.
The automaker’s consolidated revenue from operations remained flat at ₹16,335 crore in Q1 FY27 from ₹16,413 crore a year earlier. Total income also edged down to ₹16,609 crore from ₹16,628 crore.
Total expenses rose 4.2 per cent year-on-year to ₹15,407 crore, driven by higher employee benefit expenses and other operating costs.
Employee benefit expenses increased 20 per cent to ₹749 crore from ₹624 crore, while other expenses rose 10.6 per cent to ₹2,214 crore from ₹2,002 crore. Cost of materials consumed remained broadly flat at ₹11,895 crore.
Despite the challenging quarter, Hyundai highlighted several operational milestones. The company said it celebrated 30 years in India during the quarter, while the all-new Venue recorded its highest-ever quarterly domestic sales.
CNG models accounted for 18 per cent of sales, with the Aura and Exter achieving their highest-ever CNG mix of 95 per cent and 32 per cent, respectively. Rural penetration also reached an all-time high of 26 per cent.
The company added that temporary production disruptions limited domestic volume growth to 5.4 per cent year-on-year, while exports were impacted by the ongoing conflict in West Asia.
“Q1 FY27 was a challenging quarter affected by multiple headwinds impacting volumes and profitability. With 100 per cent normalisation of production, coupled with healthy demand environment and upcoming product pipeline, recovery is likely to gain pace from Q2 onwards across both domestic and export businesses,” said Tarun Garg, Managing Director and CEO, Hyundai Motor India.
He added that the company remains committed to achieving its FY27 guidance of 8-10 per cent year-on-year volume growth across domestic and export markets and an EBITDA margin of 11-14 per cent.
The company’s board also appointed Mukundan MS as Whole-time Director and Chief Manufacturing Officer, effective September 1, 2026, subject to shareholders’ approval at the AGM. He succeeds Gopalakrishnan CS, who will retire upon superannuation on August 31, 2026.
