Maruti Suzuki's margins may slip further on higher commodity costs

Demand trajectory, market share losses are other concerns

Ram Prasad Sahu | Mumbai
Last Updated at April 27, 2021 22:30 IST

The sharp rise in commodity costs dented Maruti Suzuki’s operational performance in the March quarter (Q4). Though revenue growth was up 32 per cent on the back of a lower base and 32 per cent rise in average selling prices, operating profit margin at 8.3 per cent was down 21 basis points (bps) as compared to the year-ago quarter. Reported margins were short of the Street’s 9-10 per cent estimate.

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