Titan Company may post 20% growth in Q2 profit, jewellery sales seen growing 19%

Jewellery-to-watch maker Titan Company is expected to report profit growth of 20 percent for the quarter ended September 2017.

Profit is likely to be at Rs 217.1 crore for the quarter, against Rs 180.8 crore in same quarter last fiscal, according to average of estimates of analysts polled by CNBC-TV18.

Revenue during the quarter is seen rising 16 percent to Rs 3,090 crore compared with Rs 2,659 crore a year-ago.

EBIDTA (Earnings before interest, tax, depreciation and amortisation) may grow 15 percent to Rs 316.5 crore, but margin may contract 20 basis points to 10.2 percent YoY.

Jewellery sales may grow by 17-19 percent. Market share gains may offset regulatory issues, analysts feel.

Watches segment is expected to grow around 10 percent led by re-stocking post GST while eyewear growth may be aided by re-stocking at channel level.