MARUTI

Maruti Suzuki reported 11% YoY revenue growth in Q1 FY26 with strong demand in SUVs like Grand Vitara and Brezza. However, margins remain under pressure due to rising input costs. EV strategy is still evolving, which could be a competitive risk. With ~42% market share in passenger vehicles, Maruti retains leadership. At ~28x FY26 EPS, valuations are slightly expensive but supported by strong demand and brand value. Investors can hold for steady returns while watching EV roadmap execution.