Maruti Suzuki Q1 Preview: Profit may jump up to 37% YoY, revenue around 9%

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Maruti Suzuki Q1 Preview: Profit may jump up to 37% YoY, revenue around 9% - Business Standard

Quick Summary:

Maruti Suzuki Q1 2024 results: Investors will eye margin trajectory amid commodity pressures, elevated discounting.

Ebitda margins are expected to benefit from lower raw material costs and an improved product mix, expanding by 320 basis points Y-o-Y but contracting 114 basis points Q-o-Q.

Deven Choksey analysts note that volumes grew by 4.8 per cent Y-o-Y, driven by strong performance in utility vehicles and exports, although there was a 10.6 per cent sequential contraction.