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Mahindra Q4 beats expectations but aluminium and steel spike threatens next quarter margins
Business
Published on 6 May 2026
Costs may hit hardest in Q1 FY27
Mahindra & Mahindra’s Q4 FY26 results largely met top-line expectations, boosted by strong volume growth. Yet rising aluminium and steel costs are expected to pressure margins, with the full effect likely landing in Q1 FY27. Investors will also track how the company manages raw material inflation, alongside its EV roadmap and farm equipment demand amid El Niño conditions.
- Q4 FY26 volumes grew strongly and matched top-line expectations
- Aluminium and steel cost inflation is now a margin risk
- Full impact is expected in Q1 FY27 rather than Q4
- Market focus includes EV plans and farm equipment outlook under El Niño
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times