Maruti Suzuki Q4 Review - Healthy Performance, Sustenance Holds Key: ICICI Direct
Maruti Suzuki Q4 Review - Healthy Performance, Sustenance Holds Key: ICICI Direct
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ICICI Direct Report
Maruti Suzuki India Ltd. posted a robust performance in Q4 FY22.
Total operating income for the quarter was at Rs 26,740 up 15% QoQ.
Q4 FY22 volumes came in at 4.9 lakh units, up 13.5% QoQ. Domestic volumes grew 15% QoQ to 4.2 lakh units while exports volumes rose 5.3% QoQ to 0.7 lakh units.
Average selling price came in at Rs 5.2 lakh/unit, up 1.3% QoQ. Margins surprised Maruti Suzuki this time, up ~240 basis points QoQ to 9.1%.
Gross margins expanded 174 bps QoQ while other expenses and employee costs expenses were down ~35 bps and ~30 bps, respectively.
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