Titan Ind Q4 sales seen up 28% at Rs 2271cr

Titan Industries is to announce its Q4FY12 results. According to CNBC-TV18 estimates, Q4 net sales are seen up 28% at Rs 2,271 crore versus Rs 1,778 crore, yeay-on-year, (YoY).

Its EBITDA is seen up 87% at Rs 197 crore versus Rs 106 crore.

Its OPM is seen up 275 bps yoy at 8.7% versus 6.0%.

The company's PAT is seen up 76% at Rs 147 crore versus Rs 84 crore.

Expectations from the Q4FY12 Results

Jewellery sales growth to remain strong at 30% yoy led by increase in gold prices - Gold prices are still +35% on a yoy basis

Expect jewellery volumes at 5%

Watches and eyewear sales also expected to be moderate as discretionary spending continues to be weak

Watches sales growth expected to remain steady at 18% yoy

One-off costs in the base (resulted in poor 11% PAT growth in 4QFY11) should result in a strong 76% PAT growth in 4QFY12