Preview: India's M&M Q1 profit seen rising, margins in focus

Mahindra And Mahindra

30/07/2026 06:01

** Shares of Mahindra and Mahindra MAHM.NS rise 1.2% to 3,260.40 rupees
** Jefferies sees Q1 pre-tax profit up 10% and 24% growth in net sales y/y, MAHM likely to post strong revenue growth driven by robust SUV demand and industry-leading volume expansion
** Adds, investors will watch whether co can sustain its SUV-led growth momentum and capitalise on rising adoption of premium vehicles and EVs 
** Philip Capital says MAHM's margins will be in focus amid rising commodity costs, even as strong SUV demand and market-share gains are expected to support earnings growth
** Thirty-four analysts have "buy" rating on avg; median PT 4,200 rupees - LSEG-compiled data
** YTD, MAHM down 12.1% vs Nifty Auto index's .NIFTYAUTO 0.5% decline

(Reporting by Urvi Dugar in Bengaluru)
((UrviManoj.Dugar@thomsonreuters.com;))