Maruti Suzuki's Q4FY26 Earnings Preview: Revenue Expected to Rise by Up to 30%
Maruti Suzuki Q4 preview: Revenue to surge up to 30% YoY led by volumes, higher ASPs; brokerages mixed on PAT
The Economic TimesImage: The Economic Times
Maruti Suzuki India Limited (MSIL) is projected to report a revenue increase of 25-30% year-on-year for Q4FY26, driven by strong volumes and higher average selling prices. However, brokerages have mixed views on profitability, with net profit estimates ranging from ₹3,272 crore to ₹4,437 crore.
- 01Revenue growth expected between ₹50,808 crore and ₹52,721 crore.
- 02Net profit estimates vary significantly among brokerages, from ₹3,272 crore to ₹4,437 crore.
- 03EBITDA projected to rise significantly due to operating leverage.
- 04Margins expected to improve year-on-year but face sequential cost pressures.
- 05Volume growth anticipated at around 6,76,200 units.
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Maruti Suzuki India Limited (MSIL), the largest passenger car manufacturer in India, is set to announce its Q4FY26 earnings on April 28, 2026. Analysts expect the company's revenue to surge by 25-30%, reaching between ₹50,808 crore and ₹52,721 crore, primarily due to strong sales volumes and a 14% increase in average selling prices (ASPs). However, net profit estimates vary widely among brokerages. Kotak Institutional Equities predicts a profit after tax (PAT) of ₹4,437 crore, reflecting a 20% increase year-on-year, while YES Securities anticipates a decline of 12% to ₹3,272 crore due to higher depreciation costs. EBITDA is also expected to see significant growth, with estimates ranging from ₹5,997 crore to ₹6,458 crore. Margins are projected to improve year-on-year but may face challenges from rising raw material and production costs. Overall, while revenue growth is robust, the mixed outlook on profitability highlights the ongoing cost pressures in the automotive sector.
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The expected revenue growth could lead to increased production and potentially more job opportunities within the automotive sector, benefiting suppliers and related industries.
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