Earnings Alerts

Maruti Suzuki India (MSIL) Earnings: August Sales Drop 3.9% Year-on-Year Amid Mixed Local and Export Performance

By September 1, 2024 No Comments
  • Total sales in August 2024 were 181,782 units.
  • This represents a decrease of 3.9% compared to August 2023, when sales were 189,082 units.
  • Local sales amounted to 155,779 units in August 2024.
  • Local sales saw a decline of 5.3% year-over-year.
  • Exports, however, increased by 5.6% year-over-year, totaling 26,003 units.
  • Analyst recommendations include 31 buys, 11 holds, and 4 sells.
  • All comparisons are based on the company’s original disclosures.

Maruti Suzuki India on Smartkarma

Analysts on Smartkarma are closely following Maruti Suzuki India, with Brian Freitas highlighting potential changes in free float and passive flows for Indian companies. Changes in shareholding patterns may impact stock float in local and global indices, leading to trading activities by passive trackers. Depending on shareholding disclosures, some stocks could see passive inflows while others may experience outflows in May.

Tina Banerjee‘s research on Maruti Suzuki India emphasizes the company’s strong position in the UV segment, driving a 15% YoY revenue growth in Q3FY24. With UV domestic volume up by 60% YoY and plans for a 2x increase in production capacity by 2030-31, Maruti Suzuki India is set for growth against its competitors. The company’s focus on UV leadership and expansion strategies positions it favorably for medium to long-term success.


A look at Maruti Suzuki India Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth4
Resilience4
Momentum3
OVERALL SMART SCORE3.6

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‘s long-term outlook appears promising based on the Smartkarma Smart Scores. With solid ratings in key areas, the company seems well-positioned for the future. Scoring well in Dividend, Growth, Resilience, and Momentum, Maruti Suzuki India demonstrates strengths across various crucial factors that contribute to its overall performance. These scores suggest a positive trajectory for the company’s financial health and market presence.

Maruti Suzuki India Limited, a company known for manufacturing and exporting automobiles, has established itself as a notable player in the Indian market. Collaborating with Suzuki of Japan, the company focuses on delivering affordable cars tailored to the needs of the average Indian consumer. With a blend of value, growth, resilience, and momentum, Maruti Suzuki India stands out as a key player in the automotive industry, poised for continued success in the long run.


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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