BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
IDBI Capital Report
The robust pending order-booking, easing of semiconductors supply constraints, planned new launches in in mid sports utility vehicle segment in FY23 and booming exports to drive double digit volume growth over FY22-24E for Maruti Suzuki India Ltd.
Benefit of price hikes, stabilising of metals prices and operating leverage to result in sharp improvement in profitability. The company is set to report all time high profits in FY23 and FY24.
The growth outlook for Maruti Suzuki remains bright aided by domestic and export markets. Over FY22-24, the company’s sales and profit after tax is expected to grow at 19.8% and 68.5% compound annual growth rate respectively.
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