INSUBCONTINENT EXCLUSIVE:
Mumbai: Maruti Suzuki India is likely to post a double-digit growth in profit for the quarter ended December 31, on low base effect and
The automaker will post its quarterly numbers on Tuesday.
Analysts said update on demand outlook and trends post festive season would be key
monitorables.
December quarter would mark an arrest in month-on-month volume downtrend across OEMs (original equipment manufacturers) partly
driven by the emergence of green shoots and partly by the completion of inventory correction for the auto sector at large, Motilal Oswal
Financial Services said in a note.
The brokerage expects Maruti to report a 14.3 per cent rise in third-quarter profit at Rs 1,702.8 crore,
increase 33 per cent year-on-year (YoY) led by 16 per cent increase in revenue on higher ASPs and marginal volume growth, and 150 basis
It sees sales expanding by 15.5 per cent to Rs 22,707.8 crore, led by 2 per cent increase in volumes and 9 per cent increase in average
selling prices (ASPs) due to the introduction of new safety regulations for entry level cars and migration of petrol portfolio to
BS-VI.
Sharekhan expects Maruti Suzuki to report profit growth of 12.7 per cent to Rs 1,489.3 crore, while it believes sales could expand by
13 per cent to Rs 22,223 crore.