Business
Maruti Suzuki Q2 profit falls 26% to ₹2,466 crore
Business Standard·
Maruti Suzuki India's consolidated net profit fell 26.4 percent to Rs 2,466.1 crore in Q2 FY27 from Rs 3,349 crore a year ago. Revenue rose 26 percent to Rs 53,355 crore while sales grew 26.5 percent to 696,654 units. CFO Arnab Roy cited commodities, forex and mutual fund mark-to-market losses. EBITDA margin rose sequentially to 9.4 percent from 8.6 percent.
Prism
What It Means For You
- The company reported a pending order book of nearly 265,000 vehicles after the quarter.
- Maruti has raised prices three times in FY27 and may increase them again over the next two quarters.
- Marketing executive Partho Banerjee said festival demand remained strong despite weak monsoon concerns.
What's Happening
- Total expenses rose about 29.7 percent, outpacing revenue growth and squeezing margins.
- Roy said operational EBITDA and EBIT rose if mutual fund adjustments are excluded.
- Management cited West Asia conflict commodity pressure and unfavourable forex in its presentation.
Rural Demand Watch
- Banerjee named Rajasthan, Madhya Pradesh and Karnataka as states facing monsoon stress.
- Maruti warned deficient rains could weigh on rural demand though festive sales held so far.
- The July-September quarter marked a third consecutive profit decline despite volume growth.
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