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Maruti: Raw material poses challenge, valuation premium warrants patience

The performance vectors for Maruti continue to improve post the pandemic-related disruption. Though the quarter under review recorded double-digit volume and revenue growth on a year-on-year (YoY) basis, the benefit of operating leverage could not percolate down to operating margins because of an adverse product mix and a rise in raw material prices.

January 29, 2021 / 09:58 IST
Maruti Suzuki India Ltd
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This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More