Quants – Slice and dice – Quarterly sectoral performance
Published on 27 Nov 2025
Automobile sector profitability declines- sales grew 7% YoY, while gross margin declined by 106bps YoY. EBITDAM and PATM also declined 212/216bps YoY. Margins across the Auto sector declined primarily due to higher raw material costs, elevated promotional expenses for new model launches, and increased depreciation and employee costs linked to capacity expansions and new plant openings—resulting in reduced EBITDA and further pressure on PAT margins
Cap goods strong sales growth of 21% YoY- sales grew 21% YoY, while gross margin was broadly flat. Despite flat gross margin, EBITDAM and PATM improved 107/162bps YoY driven by continued strong demand from domestic Power T&D space along with healthy execution in project companies despite prolonged monsoons.
Chemicals’ sales grows, profitability broadly flat- sales grew 10% YoY largely driven by volume growth, realisations continue to remain under pressure, while gross margin was higher by 83bps YoY due to modest decline in RM cost. EBITDAM declined by 10bps YoY but PATM improved by 313bps YoY.
