New Delhi, Oct. 27 -- Maruti Suzuki has warned that weak monsoon rains could weigh on rural demand just as India's largest carmaker grapples with a third consecutive quarterly decline in profit, highlighting the pressure on earnings even as vehicle sales remain strong.

The New Delhi-based company on Tuesday reported a 26% year-on-year drop in net profit to Rs.2,466 crore for the July-September quarter of fiscal year 2027 (Q2FY27), hurt by higher commodity prices, rising logistics costs, and investments to expand capacity.

Earnings before interest, tax, depreciation and amortization (Ebitda) margin fell by more than three percentage points to 9.4%, underscoring the squeeze on profitability. Revenue, however, rose 26% to Rs.53,356 crore, ...