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Nirmal Bang retains Buy on Maruti Suzuki after Q1 revenue beat

Nirmal Bang retained a Buy on Maruti Suzuki with a Rs 16,580 target after a Q1 revenue beat. It expects freight and commodity-driven margin pressure to ease through pricing, lower discounts, product mix improvement, SUV launches and capacity expansion.

Newer report , , NDTV Profit : August auto sales: Maruti, Tata and M&M post strong year-on-year growth

  • Banaraswala: 3 → 50 outlets by March 2027
  • Nestle India: Sales +20.5% · Profit +36.3%

Reported figures

From the report. Source details below

Valuation: 25.5x Jun-28E EPS
Export footprint: 100+ markets

Also in the report

  • Expected to outpace industry volume growth in FY27E

The source

Source Read the source at NDTV Profit Published

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