03 Aug , 2026 By : Debdeep Gupta
Maruti Suzuki India Ltd shares fell around 2 percent in morning trade on Monday, making the stock one of the top losers on the Nifty 50, hit by the company's weaker-than-expected operating performance in the fiscal first quarter.
The stock was trading at Rs 13,949, compared with Friday's close of Rs 14,233.45. Maruti Suzuki has declined 16.4 percent so far in 2026, while the Nifty 50 is down 6.1 percent over the same period. The company has a market capitalisation of Rs 4.39 lakh crore.
Maruti Suzuki reported a standalone net profit of Rs 3,352 crore for the quarter ended June 30, down 10.8 percent from Rs 3,758 crore a year earlier, but ahead of the CNBC-TV18 poll estimate of Rs 3,264 crore. Revenue rose 36 percent year-on-year to Rs 52,456 crore, while expenses increased 40.5 percent to Rs 49,988 crore as higher raw material costs weighed on profitability. Although the company implemented price hikes during the quarter, elevated steel and other commodity costs, exacerbated by disruptions linked to the Iran conflict, continued to pressure margins.
Brokerages remained largely constructive on the country's largest carmaker, saying the June-quarter margin weakness is likely to ease over the coming quarters as commodity pressures moderate and demand remains healthy.
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