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Maruti Suzuki shares slip 2% ahead of Q4 earnings

Money Control · 1y

Maruti Suzuki's stock has outperformed the Nifty index, rising over 24 percent since January while the Nifty has only gained 3 percent. The company is expected to announce its fourth-quarter results, with analysts estimating a net profit rise of nearly 50 percent and a revenue increase of 21 percent. Higher unit sales, improved product mix, and increased SUV and export sales are believed to be the drivers of this growth. However, there are concerns about a potential contraction in sales for entry-level cars and a mild decline for compact cars.