'
Maruti Suzuki hosted
a conference call on March 26, 2024. In the conference call, the company was
represented by Mr Arnab Roy-CFO.
Key takeaways of the call
The
Company surpassed annual total sales milestone of 2 million units in FY24. The
Company continued to be the top exporter for the third consecutive year, now
contributing 41.8% of total passenger vehicle exports from India.
The
Company’s margins improved owning to higher sales volume, favorable commodity
prices, cost reduction efforts and higher non-operating income.
The
company reported its highest ever unit sales, net sales, and net profit both
for the quarter and the financial year.
In
Q4 FY24, company sold total of 5,84,031 vehicles, up 13.4% YoY. Sales volume in
the domestic market stood at 505,291 units, up 12.2% YoY. The sales volume in
the export market was at 78,740 units, registering a...
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