Earnings Alerts

Earnings Surge: Maruti Suzuki India (MSIL) Reports 12% Increase in June Total Sales, Bolstered by 57% Export Growth

  • Total Sales: Maruti Suzuki sold 179,228 units in June 2024.
  • Year-over-Year Growth: This reflects a 12% increase compared to June 2023, when they sold 159,418 units.
  • Local Sales: The company sold 148,195 units within the local market, marking a 6.1% rise year-over-year.
  • Exports: Exports saw a significant surge of 57%, with 31,033 units sold overseas.
  • Analyst Recommendations: The current consensus includes 31 buy recommendations, 11 hold recommendations, and 4 sell recommendations.
  • Historical Comparisons: All comparisons are drawn from Maruti Suzuki’s original disclosures.

Maruti Suzuki India on Smartkarma

On Smartkarma, independent analysts have been covering Maruti Suzuki India, providing valuable insights for investors. Brian Freitas discusses potential free float changes and passive flows in May, highlighting how changes in shareholding patterns could impact stocks in local and global indices. Passive trackers may need to adjust their positions based on shareholding disclosures, with some companies experiencing significant float changes. This could lead to actions from passive trackers, with potential inflows for 14 stocks and outflows for 7 in May.

Meanwhile, Tina Banerjee‘s analysis focuses on Maruti Suzuki India‘s market leadership position in the UV segment, indicating a positive outlook. The company reported strong revenue growth in Q3FY24, driven by UV sales which grew substantially year-over-year. Maruti’s focus on UV leadership and expansion plans to double annual production capacity by 2030-31 suggest a competitive edge over peers in the medium to long term. With EBITDA margin expansion and strong growth trajectory, Maruti Suzuki India appears well-positioned for continued success.


A look at Maruti Suzuki India Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth4
Resilience4
Momentum2
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Maruti Suzuki India Limited, a leading automobile manufacturer, has been assigned a mixed bag of Smart Scores reflecting its long-term outlook. With a Value score of 3, the company indicates moderate potential for investors seeking value opportunities. Simultaneously, Maruti Suzuki’s Dividend, Growth, and Resilience scores of 4 each portray a positive outlook in terms of stable dividend payments, growth prospects, and ability to weather economic challenges.

However, the company’s Momentum score of 2 suggests a relatively lower indication of short-term positive price trends. Despite this, Maruti Suzuki’s strong collaboration with Suzuki of Japan to pioneer affordable cars for the Indian market underscores its commitment to innovation and market adaptability, positioning it well for sustainable growth in the competitive automotive industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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