Maruti Suzuki Q4 Review - Profitability A Concern: IDBI Capital
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)

Maruti Suzuki Q4 Review - Profitability A Concern: IDBI Capital

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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

Maruti Suzuki India Ltd.'s Q4 FY21 results were below our and consensus estimates at Ebitda and adjusted profit after tax level due to higher raw material cost, higher other expenses and significantly lower other income.

We believe the company has been very conservative in terms of taking the price hike considering uncertain demand scenario in last two years.

We expect higher commodity prices; increase in operating expenses, adverse product mix (market share loss in utility vehicle segment) would impact operating profits in near term.

Click on the attachment to read the full report:

IDBI Capital Maruti Suzuki Q4FY21 Result Review.pdf

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