The country's largest carmaker Maruti Suzuki India (MSI) on Friday reported a 9.11 per cent decline in its consolidated net profit at Rs 3,446.9 crore in the first quarter ended June 2026, hit by high material costs, despite posting record quarterly vehicle sales.

The auto major, which had posted a net profit of Rs 3,792.4 crore in the same quarter of the previous fiscal, said its board also approved four CBG (compressed biogas) projects in the first phase with a budget of Rs 561 crore.