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Maruti Suzuki Q1 Results Review - Higher-Than-Normal CNG Mix Drives Profitability Beat: ICICI Securities

Company's better gross margins were led by favorable mix of CNG models, stable commodity prices and beneficial forex moves, says the brokerage.

<div class="paragraphs"><p>Maruti Suzuki signage. (Photo: Vijay Sartape/ NDTV Profit)</p></div>
Maruti Suzuki signage. (Photo: Vijay Sartape/ NDTV Profit)
NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
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