Maruti Suzuki shares slip marginally after missing estimates in Q2; brokerages divided on stock outlook, check target prices

Shares of Maruti Suzuki, India's largest automaker, slipped marginally on Wednesday, October 28, following the release of its earnings for the second quarter of the financial year 2026-27. The company missed the Street's profit estimates by a significant margin due to higher input costs resulting from the West-Asia conflict even as the revenue rose sharply, driven by record quarterly vehicle sales volumes. Automakers in Asia's third-largest economy have been grappling with elevated prices of key raw materials such as steel and copper and a prolonged the Middle East conflict has worsened the situation, squeezing profitability and leading to price hikes.

Brokerages cautious on Maruti Suzuki Meanwhile, brokerages remain cautious about Maruti Suzuki India's growth trajectory going forward as high input costs are seen weighing on the company for the near to medium term, though strong festive demand and an increase in volumes is seen offsetting some of the adverse impact from high costs. Analysts trimmed their estimates for the company due to elevated commodity prices. The company's margins are also not likely to increase at a fast pace, according to brokerages. Maruti Suzuki share price today Maruti Suzuki shares were trading 0.60 higher at Rs 11,480.85, at around 1 pm on the BSE.