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homevideos Newsearnings NewsTitan Q3 earnings today: Things to keep in mind

Titan Q3 earnings today: Things to keep in mind

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By Mangalam Maloo  Feb 4, 2020 9:55:35 AM IST (Published)

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Consumer goods firm Titan Company is set to declare its third-quarter earnings on Tuesday. Here are the things to keep in mind ahead of the results:

  • The company, in its updates, said that jewellery business revenue grew around 11 percent. It had guided for about 11-13 percent growth.
  • There was inelastic demand for wedding jewellery that aided sales this time.
  • Watches growth was absolutely flat.
  • For eyewear, the growth came in at 2 percent and this is where the weakness in consumer sentiment was reflected.
  • Protests in the northeast, as well as other parts, impacted sales in December.
  • Revenue growth overall is expected at 11 percent at Rs 6,300 crore.
  • EBITDA is likely to grow at 23 percent at Rs 720 crore. Margins could improve by about 110 bps odd.
  • Net profit is likely to grow by about 20 percent.
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    Earnings previeweyewherejewelleryTitanTitan Q3 earningsTitan Q3 Resultswatches

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