Kerala floods, Re fall, higher input cost to dent Maruti's Q2 performance

On a year-to-date (YTD) basis, the company's stock has dropped around 30 per cent against S&P BSE Sensex's flattish growth.

India's biggest car manufacturer Maruti Suzuki India (MSIL) is expected to announce its September quarter earnings for FY19 on Thursday. The auto major is likely to report subdued numbers for July-September period owing to a host of headwinds such as commodity inflation, adverse currency movements, delayed festive season and Kerala floods.

Maruti had reported a lower-than-expected profit growth of 27 per cent YoY to Rs 19.75 billion for the June quarter. Net sales rose 27.3 per cent to Rs 218 billion during the same period.

On a year-to-date (YTD) basis, the company's stock has dropped around 30 per cent against S&P BSE