Maruti Suzuki Q3 Review - Healthy Order Book, Low Inventory To Drive Earnings: Dolat Capital 
Maruti Suzuki vehicles stand lined up at the Maruti Suzuki India Ltd. showroom in New Delhi, India. (Photographer Prashanth Vishwanathan/Bloomberg)

Maruti Suzuki Q3 Review - Healthy Order Book, Low Inventory To Drive Earnings: Dolat Capital 

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

Maruti Suzuki India Ltd.’s Q3 FY21 Ebitda margin at 9.5% was below estimates impacted by increase in input cost (gross profit margin slipped by 257 basis points QoQ), unfavorable forex movement and salary increments to employees.

The company has taken an average price hike of approximately 2% in the month of January 2021 to mitigate the impact of raw material cost.

Demand recovery has been good, volume grew 13.4% YoY in Q3 driven by first-time buyers (share increased to 49% versus 43% YoY), pent-up demand, and strong rural market.

Click on the attachment to read the full report:

Dolat Capital Maruti Suzuki Q3FY21 Result Update.pdf

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