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Samvardhana Motherson Q4 Review: ICICI Securities Maintains 'Buy' On Resilient Show Despite Adverse Macros

Given the challenging macros, acquisition pipeline also remains healthy, hence ICICI Securities maintains 'Buy' on Samvardhana Motherson.

<div class="paragraphs"><p>Samvardhana Motherson reported consolidated net sales of Rs293.2 billion (+8% YoY / +6% QoQ), 1% above ICICI Securities' estimate.</p><p>&nbsp;(Photo source: Company website)</p></div>
Samvardhana Motherson reported consolidated net sales of Rs293.2 billion (+8% YoY / +6% QoQ), 1% above ICICI Securities' estimate.

 (Photo source: Company website)

For FY25, Samvardhana Motherson’s organic revenue growth stood at 7-8% vs 1%/5% decline in global LV / CV volumes. There are signs of softening demand owing to tariffrelated uncertainty. Steady growth in Hybrids / EVs / SUVs continues to benefit SAMIL favourably from content growth perspective.
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