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Hyundai India misses Q3 view on rising raw material, labour costs
Hindustan Times Thane
|February 03, 2026
Hyundai Motor India reported a smaller-than-expected third-quarter profit on Monday, weighed down by higher raw material and employee-related costs, even as strong exports helped the company beat revenue estimates.
Profit rose 6.4% to ₹1,234 crore for the December quarter, but fell below analysts’ expectation of ₹1,393 crore, according to data compiled by LSEG.
Rising costs of key raw materials have taken the sheen off a strong quarter for Indian carmakers, during which domestic sales rose about 21% to a record high.
This story is from the February 03, 2026 edition of Hindustan Times Thane.
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