Motilal Oswal sets INR 14,404 target for Maruti Suzuki stock

Published on 10/15/2026 at 10:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The target is INR 14,404 against INR 11,400 in the October 14, 2026 preview. Maruti Suzuki stock has results due October 27, 2026.

Targets and reporting dates

Motilal Oswal set an INR 14,404 target in its October 14, 2026 preview.
September sales reached 236,013 vehicles on October 1, 2026.
The next quarterly results meeting is scheduled for October 27, 2026.

Maruti Suzuki, INE585B01010, Illustration mit AI erstellt.

Motilal Oswal Financial Services set an INR 14,404 target for Maruti Suzuki against INR 11,400 in its October 14, 2026 automobile preview. According to The Economic Times, the call rests on volume growth and recovery potential even as near-term profit faces pressure.

Demand rises before results

The analyst view combines a 27 percent volume increase with an expected 28 percent revenue rise, while profit is projected to fall 19 percent because of lower margins. Motilal Oswal also cut its fiscal 2027 and fiscal 2028 earnings estimates by 5 percent and 16 percent, respectively, according to the October 14, 2026 report.

That tension gives the target its context. Maruti Suzuki's export share fell to 16.2 percent from the previous quarter, a 2.50 percentage-point decline, while demand and new capacity support the volume case.

Three dated signals for investors

On June 30, 2026, quarterly revenue was INR 52,470 crore and net profit was INR 3,447 crore, according to StockFin. On October 1, 2026, September production reached 242,011 vehicles, compared with 201,915 a year earlier, while sales totaled 236,013 vehicles. On October 14, 2026, Motilal Oswal published the INR 14,404 target against INR 11,400.

When are the next results due?

Maruti Suzuki's board is scheduled to consider unaudited results for the quarter ended September 30, 2026, on October 27, 2026. The date was reported by The Economic Times on October 8, 2026.

NSE price and valuation context

On the NSE, Maruti Suzuki stock was trading at INR 11,525.00 on October 15, 2026 at 1:53 p.m. IST. Its market capitalization was INR 3.6 trillion, and the 52-week range was INR 11,125.00 to INR 17,370.00 on the same date. The stock was listed in the Nifty 50, with the lower end of its yearly range reached on October 13, 2026.