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

Demand trajectory, market share losses are other concerns

Topics
Maruti Suzuki India | Auto industry | automobile industry

Ram Prasad Sahu  |  Mumbai 



maruti suzuki, cars, automobile, nexa

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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First Published: Tue, April 27 2021. 19:39 IST

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