Maruti Suzuki Shares Surge 5% Following Strong Q4 Results; Analysts Predict Up to 22% Growth
Maruti Suzuki shares gain 5% on Q4 show; analysts project up to 22% upside
Business Standard
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Maruti Suzuki India shares rose 5% to ₹13,537 after reporting robust Q4 FY26 results, with revenue increasing by 28.9% year-on-year. Analysts project a potential upside of up to 22%, driven by strong domestic demand and a healthy order backlog of 190,000 vehicles.
- 01Maruti Suzuki shares increased by 5% following positive Q4 FY26 results.
- 02Revenue rose by 28.9% year-on-year to ₹50,078.7 crore.
- 03Analysts project up to 22% upside based on strong demand and order backlog.
- 04Profit after tax (PAT) declined by 6.9% year-on-year despite revenue growth.
- 05Brokerages maintain 'Buy' ratings, citing robust domestic demand and growth visibility.
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Shares of Maruti Suzuki India experienced a 5% increase, reaching an intraday high of ₹13,537 on the National Stock Exchange (NSE) following the company's strong financial results for the fourth quarter of FY26. The automaker reported a 28.9% year-on-year rise in revenue from operations, totaling ₹50,078.7 crore, and a 11.8% increase in total sales, amounting to 676,209 units. However, profit after tax (PAT) saw a decline of 6.9%, dropping to ₹3,590.5 crore from ₹3,857.3 crore in the previous year. Brokerages have reacted positively, with JM Financial projecting a target price of ₹16,570, implying a 22.40% upside, while MOFSL set a target price of ₹15,529, suggesting a 14.71% increase. Analysts attribute the positive outlook to strong domestic demand, particularly in the entry-level segment, and a healthy order backlog of 190,000 vehicles. The company's management anticipates a 10% growth in domestic volumes for FY27, supported by a strong launch pipeline and favorable market conditions.
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The positive performance of Maruti Suzuki can lead to increased consumer confidence in the automotive market, potentially benefiting homebuyers and consumers looking for new vehicles.
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