Maruti Suzuki This fall preview: Revenue might rise as much as 43%, prime line development possible in double digits

Elara sees revenue rising 35 per cent to Rs 1,584 crore, up 35.8 per cent YoY. It sees gross sales rising 11.5 per cent YoY to Rs 26,781 crore.
Kotak stated it expects revenues to extend 12 per cent YoY, led by 13 per cent improve in common promoting worth (ASPs), thanks to cost hikes taken over the previous couple of quarters. It sees 1 per cent decline in volumes on account of chip scarcity situation within the March quarter.
The brokerage sees Ebitda margin to extend 190 foundation factors sequentially led by working leverage advantages (13 per cent improve in volumes sequentially) and 130 bps enchancment in gross margin led by decline in commodity costs.
That would partly be offset by increased advertising and marketing spends on account of new product launches in 4QFY22, it stated whereas suggesting a 43 per cent YoY bounce in internet revenue at Rs 1,670 crore.
YES Securities pegged the underside line at Rs 1,542 crore, up 32.5 per cent.
“With quantity development 14 per cent QoQ (down 1 per cent YoY) and anticipated realisation degrowth of 1 per cent QoQ on account of combine, income to extend 12 per cent QoQ. Working margins are anticipated to increase 180 bp QoQ and 20 bp YoY at 8.5 per cent led by decrease uncooked materials price and working leverage.
In the meantime, Emkay World expects Maruti Suzuki to report a 19.8 per cent year-on-year (YoY) rise in standalone internet revenue at Rs 1,397.10 crore from Rs 1,166.10 crore within the year-ago quarter. Gross sales are seen rising 12.4 per cent YoY to Rs 27,012.30 crore crore from Rs 24,023.70 crore in the identical quarter final 12 months. Ebitda margin is seen inching decrease to eight.2 per cent from 8.3 per cent within the year-ago quarter. That may nonetheless be higher than the 6.7 per cent margin reported by the automobile maker within the December quarter.
“Income might develop on account of increased realisation (up 13 per cent) regardless of subdued volumes (down 1 per cent. Realisations are anticipated to enhance on account of worth hikes,” the brokerage stated.
(Disclaimer: Suggestions, solutions, views and opinions given by the consultants are their very own. These don’t symbolize the views of Financial Instances)
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