Maruti Q2 net misses street view despite record quarterly sales
Maruti Suzuki moved higher in a quarterly results development.
· ET Stocks, Economic Times Markets
Maruti Suzuki's consolidated net profit fell by 26% in the fiscal second quarter to ₹2,466 crore. Revenue rose 26% to ₹53,355.5 crore, driven by record sales of 696,654 units. The company achieved 40.8% market share with strong demand for small cars and SUVs. Operating profit decreased due to increased input costs and lower other income.
The analysis
Maruti Suzuki reported ₹2,466 crore and ₹53,355.5 crore, with movement of 26% and 40.8% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -0.3% on the day at ₹11,415.00, and has returned -16.6% over three months. It sits 34% below its 52-week high, which means a good deal of bad news was already in the price. The auto sector has moved -5.4% over the same period, so Maruti Suzuki is running 11.2 points behind its peers.
For Maruti Suzuki, the question is how much of this is already reflected in the price and how much re-rates the auto peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- In focus: Maruti Suzuki (MARUTI), in Auto.
- Over three months: Maruti Suzuki -16.6% against Auto -5.4% (11.2 points behind).
- At least 25% below the 52-week high: Maruti Suzuki (34%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Maruti SuzukiMARUTI · Auto | ₹11,415.00 | -0.3% | -5.1% | -16.6% | -34.0% | 0.5× | — |
Auto
1M -7.3% · 3M -5.4%
Maruti Suzuki
Prices as of 28 Oct 2026, 10:05 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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