Name: Latest research reports of Maruti Suzuki India Ltd. authored by Emkay and published by - Trendlyne research reports.
Item: Maruti Suzuki India Ltd.
Rating: 1
Author: Emkay

Strong underlying margins offsets muted volume outlook

Sell: Maruti Suzuki India Ltd.

Recommendation Target

Emkay

MSIL has reported stronger-than-expected underlying margins (12.9%), led by
operating leverage and lower sales promotion expenses (discounts).