Maruti Suzuki expected to report first dip in profit after nine quarters

The performance of Maruti Suzuki is a reflection of the challenges that the domestic car manufacturers are facing

India’s largest carmaker and most-profitable automobile company, Maruti Suzuki, is expected to report its first dip in profit after nine quarters. The dip, analysts said, could be in double digits.

The performance in July-September quarter is said to have been impacted by factors such as lower sales volume, pressure on margins from rising input costs and discounts, and a stronger Japanese Yen. The company will declare the results later this month.

In a trend reversal, the company’s sales volume during the second quarter of FY19 dipped 1.5 per cent to 484,848 units. This means the revenue growth during the quarter