Maruti Suzuki Q4 Review - Valuation Factor In Challenges: Yes Securities

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..Yes Securities Report.Maruti Suzuki India Ltd.’s Q4 FY22 results exceeded our/consensus Ebitda/profit after tax estimates by 9-23%. This was led by record average selling prices at ~Rs 547,000/unit (estimate: Rs 534,600), better gross margins at 26.5% (up 180 basis points QoQ, estimate: 25.6%) and lowest average discount since FY13 at Rs 11,000/unit in Q4 FY22. Near-term challenges withstanding related to chips availability and raw material inflation, Maruti Suzuki’s dominance in compressed natural gas new product launches (Alto upgrade, mid sports utility vehicle, joint product with Toyota) should partially help recoup lost market share. With strong new product pipeline and response to recently launched products such as new Baleno (~80,000 bookings) and XL6, we believe Maruti Suzuki’s market share loss trajectory to likely bottom out. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Maruti Suzuki Q4 Review - Valuation Factor In Challenges: Yes Securities

Maruti Suzuki Q4 Review - Valuation Factor In Challenges: Yes Securities

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