Maruti Suzuki: Launches, Exports to Drive the Structural Story. Maintain BUY
The company has lost market share over the last 5-6 years as it was late to capitalize on the SUV trend, which was further exacerbated by the...
198 Views
Maruti Suzuki India Ltd - Decent Q3; Maintain Buy
Maruti’s EBITDA was better than estimates led by beat in margin. Retail sales improved and grew 3.5% y-o-y in 9MFY25. Similar growth is expected in...
141 Views
Maruti Suzuki India Ltd - EBITDA Inline with Estimates; Hold Amidst PV Industry Slowdown
Divergence in Rural vs. Urban Volumes: In Q3FY25, retail volumes in the rural market grew 15% YoY, outperforming urban markets, which remained...
214 Views
Maruti Suzuki India Ltd - Inventory Stress to Ease Post Festive Season
EBITDA margin missed estimates on a 130 bps y-o-y contraction in gross margins. Management eyes 3-4% growth in retail sales in FY25
150 Views
Maruti Suzuki India Ltd - EBITDA Tailwinds Diminishes Amidst PV Industry Slowdown
Maruti faces several challenges to maintaining its market dominance, including (1) Subdued demand in the passenger vehicle (PV) industry
167 Views