M&M management addresses margin squeeze amid rising input costs, remains bullish on SUV growth. Mahindra & Mahindra (M&M) reported lower margins in the first quarter of FY27 as commodity. Mahindra & Mahindra on Tuesday reported a strong Q4 that beat estimates, with net profit jumping 42% to ₹4,668 crore and revenue rising 29% to ₹54,982 crore, driven by 21% growth in vehicle volumes,.