Maruti Suzuki India Limited · NSE:MARUTI

Maruti Suzuki India — Q1 FY2024 Earnings Presentation

17 slides from Maruti Suzuki India's earnings presentation, Jul 31, 2023

  1. Slide 1: Cover letter to stock exchanges: Investor Presentation on Q1 results

    MARUTI ��$SUZUKI MSIL: COS: NSE&BSE: 2023/07_ 16 31st July, 2023 Vice President General Manager National Stock Exchange of India Limited Department of Corporate Services “Exchange Plaza”, Bandra – Kurla Complex BSE Limited Bandra (E), Phiroze Jeejeebhoy Towers Mumbai – 400 051 Dalal Street, Mumbai –

  2. Slide 2: Maruti Suzuki India Limited Q1 FY'24 Financial Results

    Maruti Suzuki India Limited Q1 FY’24 Financial Results 31st July 2023 1

  3. Slide 3: Safe Harbour

    Safe Harbour This presentation might contain forward looking statements which involve a number of risks, uncertainties and other factors that could cause the actual results to differ materially from those in the forward looking statements. The Company undertakes no obligation to update these to refl

  4. Slide 4: Invicto

    INVICTO

  5. Slide 5: Business Highlights for Q1 FY2023-24

    Business Highlights for Q1 FY2023-24 ◼ Domestic Market ◼ Passenger vehicle wholesales grew by 12.2%, faster than the industry growth. ◼ Achieved market share of ~20% in SUV segment supported by strong product lineup. ◼ Achieved leadership in price segment of INR 10-20 lakh. ◼ Invicto, powered by a s

  6. Slide 6: Maruti Suzuki Board approves acquiring shares of SMG from SMC

    Maruti Suzuki Board approves acquiring shares of SMG from SMC For details, please refer the press release issued by the Company 5

  7. Slide 7: Contents

    Contents 1. Q1 FY’24 vs. Q1 FY’23 ➢ Ratio Comparison 2. Q1 FY’24 vs. Q4 FY’23 ➢ Ratio Comparison 3. Sales Volumes Note: 1. All figures in the presentation are in INR mn except sales volume and ratios 2. Due to rounding-off, ratios may be approximate 6

  8. Slide 8: Q1 FY'24 vs. Q1 FY'23

    Q1 FY’24 vs. Q1 FY’23 7

  9. Slide 9: Highlights of Q1 FY'24 W.R.T. Q1 FY'23

    Highlights of Q1 FY’24 W.R.T. Q1 FY’23 *All figures except sales volume are in INR million Q1 FY’24 Q1 FY’23 Sales Volume 498,030 467,931 6.4% Net Sales 308,452 252,863 22% Op. EBIT 22,355 12,607 77% PBT 31,902 13,218 141% PAT 24,851 10,128 145% 8

  10. Slide 10: Key Financial Ratios (% of Net Sales) Q1 FY'24 vs Q1 FY'23

    Key Financial Ratios (% of Net Sales) Parameter Q1 FY’24 Q1 FY’23 Change (bps) Material Cost 76.1 78.1 -200 Employee Cost 4.7 4.6 10 Other Expenses 14.3 14.6 -30 Depreciation 2.4 2.5 -10 Other Operating Income 4.8 4.8 0 Op. EBIT 7.2 5.0 220 Interest Expense 0.1 0.1 0 Non-Operating Income 3.2 0.3 290

  11. Slide 11: Financial Analysis of Q1 FY'24 vs. Q1 FY'23

    Financial Analysis of Q1 FY’24 vs. Q1 FY’23 Key reasons for margin movement Positive Factors ◼ Improved realization ◼ Softening of Commodity prices ◼ Cost reduction efforts ◼ Higher non-operating income Negative Factors ◼ Higher sales promotion expenses 10

  12. Slide 12: Q1 FY'24 vs. Q4 FY'23

    Q1 FY’24 vs. Q4 FY’23 11

  13. Slide 13: Highlights of Q1 FY'24 W.R.T. Q4 FY'23

    Highlights of Q1 FY’24 W.R.T. Q4 FY’23 *All figures except sales volume are in INR million Q1 FY’24 Q4 FY'23 Sales Volume 4,98,030 514,927 -3.3% Net Sales 3,08,452 308,218 0.1% Op. EBIT 22,355 26,111 -14.4% PBT 31,902 32,548 -2.0% PAT 24,851 26,236 -5.3% 12

  14. Slide 14: Key Financial Ratios (% of Net Sales) Q1 FY'24 vs Q4 FY'23

    Key Financial Ratios (% of Net Sales) Parameter Q1 FY’24 Q4 FY'23 Change (bps) Material Cost 76.1 76.1 0 Employee Cost 4.7 3.6 110 Other Expenses 14.3 13.4 90 Depreciation 2.4 2.4 0 Other Operating Income 4.8 4.0 80 Op. EBIT 7.2 8.5 -130 Interest Expense 0.1 0.3 -20 Non-Operating Income 3.2 2.4 80 P

  15. Slide 15: Financial Analysis of Q1 FY'24 vs. Q4 FY'23

    Financial Analysis of Q1 FY’24 vs. Q4 FY’23 Key reasons for margin movement Negative Factors* ◼ Higher sales promotion expenses ◼ Unfavorable foreign exchange variation ◼ Higher employee cost Positive Factors ◼ Higher non operating income *including one time expense of ~80 bps 14

  16. Slide 16: Domestic Sales: Sales Volumes

    Sales Volumes Q1 FY’24 Market Total Sales Number Growth % % to Total sales Domestic 4,34,812 9.1% 87% Exports 63,218 -9.0% 13% Total Sales 4,98,030 6.4% 100% Q1 FY’24 Segments Number Growth % % to Domestic sales Mini 40,400 -17.5% 9% Compact 2,10,825 2.9% 48% Domestic Sales Mini + Compact 2,51,225 -

  17. Slide 17: Thank You

    Thank You 16

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