Key Points
Healthy volumes and higher ASP (average selling prices), led by favourable product mix and price hikes to drive strong revenue growth for Maruti Suzuki in the fourth quarter...
Maruti Suzuki is expected to post 22% year-on-year and 12% sequential growth in the topline for the March quarter, led by solid sales and higher ASP...
"We expect revenue to grow by 12% QoQ led by higher sales and higher ASP QoQ led by a price hike of 1.1% taken in mid January 23," Axis Securities said.. Strong SUV sales drove the company's volumes 11% higher in the March quarter over the preceding December quarter..
"We expect revenues to increase by 12% QoQ, led by 11% QoQ increase in volumes and 1% QoQ increase in ASPs due to price increases and richer product mix," Kotak Institutional Equities said...
"We estimate EBITDA margin to increase by 100 bps QoQ, led by operating leverage benefits and favorable product mix, partly offset by higher advertisement spends on account of newer launches," Kotak said.. Maruti is expected to report a profit growth of 41% year-on-year at Rs 2,596 crore for the March quarter, while revenue is expected to be anywhere between Rs 32,377 to Rs 32,555 crore...
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