Hyundai Motor India Q2 FY27: Record 2.19 Lakh Sales and Rs 20,000 Crore Revenue, But Profit Falls

Hyundai Motor India Limited (HMIL) has reported its best-ever quarterly sales for July-September 2026. Quarterly revenue also crossed Rs 20,000 crore for the first time since the company started operations in India. Profit, however, was lower than last year because of high commodity costs.

The Board approved the unaudited standalone and consolidated results for Q2 and H1 of FY 2026-27 on 28 October 2026 in Gurugram.

Quick summary: Q2 FY27 (consolidated)

Metric	Q2 FY27	Q2 FY26	Q1 FY27
Total sales	219,072 units	Up 15% YoY	Up 23% QoQ
Revenue	Rs 20,696 crore	Rs 17,461 crore	Rs 16,335 crore
EBITDA	Rs 1,975 crore	Rs 2,429 crore	Rs 1,512 crore
EBITDA margin	9.5%	13.9%	9.3%
Net profit (PAT)	Rs 1,196 crore	Rs 1,572 crore	Rs 889 crore

EBITDA here excludes other income.

Highest-ever quarterly sales

HMIL sold 219,072 units in the quarter, a record for the company. That is 15% higher than a year ago and 23% higher than the previous quarter (Q1 FY27).

Domestic sales and CNG share

Domestic volumes grew 19% both year-on-year and quarter-on-quarter. Two numbers stand out:

• Rural share: rural penetration reached an all-time high of 26.6%.
• CNG share: CNG made up 19.1% of sales, the highest CNG contribution in any quarter for the company.

Exports

Exports grew 4% year-on-year and 38% quarter-on-quarter, despite geopolitical challenges. The export figure includes both CBU and CKD units.

Revenue is up, profit is down

Revenue rose about 19% over last year, and about 27% over the previous quarter. Profit tells a different story.

• EBITDA fell about 19% year-on-year. The margin dropped from 13.9% to 9.5%, but it improved slightly from 9.3% in Q1 FY27.
• Net profit fell about 24% year-on-year, from Rs 1,572 crore to Rs 1,196 crore. Compared with Q1 FY27, it was up about 35%.

The company said commodity headwinds hurt profitability. It added that operating leverage, a healthy product mix and cost reduction initiatives helped the margin improve from the previous quarter.

H1 FY27 (April-September)

Metric	H1 FY27	H1 FY26
Revenue	Rs 37,031 crore	Rs 33,874 crore
EBITDA	Rs 3,486 crore	Rs 4,614 crore
EBITDA margin	9.4%	13.6%
Net profit (PAT)	Rs 2,085 crore	Rs 2,942 crore

Over the first half, revenue grew about 9%, but EBITDA fell about 24% and net profit fell about 29%.

Bayon and a new mass-market EV ahead

The company called the Bayon the start of its “golden product cycle” and said the response has been encouraging. HMIL is also ready to launch a dedicated mass-market EV in Q4 FY27 (January-March 2027).

Managing Director and CEO Tarun Garg described Q2 as a milestone quarter with record volumes and revenue, but said high commodity costs weighed on profit. He expects H2 to bring faster momentum, though he noted that economic uncertainty and cost pressure remain.

What this means for car buyers

The numbers show strong demand for Hyundai cars, especially CNG models and sales in rural areas. The company did not announce any price changes in the release, and it gave no details of the upcoming EV such as name, price or range.

FAQs

What were Hyundai Motor India’s Q2 FY27 sales?
HMIL sold 219,072 units in Q2 FY27, its highest-ever quarterly total.

What was HMIL’s revenue in Q2 FY27?
Consolidated revenue was about Rs 20,696 crore, crossing Rs 20,000 crore for the first time.

Why did Hyundai Motor India’s profit fall?
The company said elevated commodity costs weighed on profitability. EBITDA margin fell to 9.5% from 13.9% a year ago.

What is Hyundai’s CNG share in India?
CNG contributed a record 19.1% of sales in Q2 FY27.

When will Hyundai launch its mass-market EV in India?
The company said it is geared up to launch a dedicated mass-market EV in Q4 FY27.