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Maruti Suzuki Q4 Results Review — Lumpy Costs Hurt Performance, Says Motilal Oswal, Maintaining 'Buy'
Maruti Suzuki's valuations appear attractive, hence Motilal Oswal reiterates Buy with a target price of Rs 13,985, valued at 26x FY27E earnings per share.
28 Apr 2025, 08:16 AM IST 
Maruti Suzuki’s Q4 revenue rose 6% YoY to Rs 407 billion, in-line with estimates. (Photo: Vijay Sartape/NDTV Profit)
While domestic demand remains weak, the brokerage expect Maruti Suzuki to outperform its peers on the back of its new launches. We factor in MSIL to post 7.6% volume CAGR over FY25-27E, led by its new launches and healthy export outlook. Overall, Motilal Oswal expects the company to deliver a 10% earnings CAGR over FY25-27. At 24.3x FY26E/21.8x FY27E EPS, valuations appear attractive.
