Dolat Capital: Maruti Suzuki Q2 Review- Showing Promising Recovery 
A worker cleans a Suzuki Motor Corp. vehicle outside a dealership for Maruti Suzuki India Ltd. vehicles in New Delhi, India. (Photographer: Prashanth Vishwanathan/Bloomberg)

Dolat Capital: Maruti Suzuki Q2 Review- Showing Promising Recovery 

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.

Dolat Capital Report

Driven by increasing preference for personal mobility, better financing availability and strong rural pick up, Maruti Suzuki India Ltd. printed strong numbers in Q2 FY21.

Ebitda grew 20% YoY to Rs 19.3 billion with expanded margin at 10.3% (up 86 basis points YoY) led by lower discounts ( Rs 17,300 per vehicle versus Rs 25,000 in Q2 last year) and cost control measures, partially offset by commodity inflation and adverse forex movement.

Passenger vehicle demand has recovered in the past two-three months and dealer confidence has improved materially after strong Navratri sales, this augurs well for channel restocking ahead of the Diwali and Dhanteras.

Click on the attachment to read the full report:

Dolat Capital Maruti Suzuki Q2FY21 Result Update.pdf

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