Maruti Suzuki vs Bajaj Auto: Auto manufacturing companies Maruti Suzuki and Bajaj Auto shares will remain in focus on Tuesday, 27 October, as both the companies are scheduled to release their Q2 results 2026 today.
Maruti Suzuki shares climbed as much as 1.83% during intraday trade on Tuesday, hitting a high of ₹11,436 apiece. Meanwhile, Bajaj Auto shares advanced 2.71% to ₹10,332 on 27 October.
Brokerage firm Axis Direct expects Maruti Suzuki's total revenue to increase by around 29.8% year-on-year, supported by a 26.5% rise in volumes and a 3% improvement in average selling prices (ASPs) over the past year. Growth is likely to be aided by a favourable product mix, with utility vehicles (UVs) accounting for 34% of the mix in Q2FY27, up from 28% in Q2FY26. A stronger export mix and contributions from new product launches are also expected to support revenue growth.
It further projects EBITDA margins to expand by around 37 basis points year-on-year but contract by 195 basis points sequentially. Elevated raw material costs and supply chain disruptions are likely to weigh on margins, partly offset by higher sales of new models and increased export volumes.
According to Seema Srivastava of SMC Global Securities, higher volumes, a greater contribution from SUVs and improved operating leverage could support revenue growth and margins. The expansion in production capacity could also help the company cater to demand more effectively.