Maruti Q2 Net Falls 26% to ₹2,466 Crore Despite Record Sales
· Business · Economic Times, LiveMint
Maruti Suzuki’s consolidated net profit dropped 26% to ₲2,466 crore in Q2, missing Street expectations as higher input costs and lower other income offset revenue growth. The company reported record sales of 696,654 units and a 40.8% market share, with small car sales up 36% and SUV sales up 68%, while operating profit fell to ₲2,803.7 crore due to West‑Asia commodity price spikes. Chairman RC Bhargava highlighted strong domestic demand and GST 2.0 support amid ongoing geopolitical crises. The results come after a year‑earlier net profit of ₲3,349 crore and an operating profit decline from ₲3,382 crore to ₲2,803.7 crore.
Why it matters
Investors and analysts are focused on margins as rising commodity costs pressure profitability despite sales growth. The outcome may influence sentiment for other Indian automakers like M&M and Tata Motors as they prepare their quarterly results.
Read the original report — Economic Times
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