Moneycontrol
Last Updated : Nov 09, 2018 06:45 PM IST | Source: Moneycontrol.com

Titan Q2 profit at Rs 314.4 crore, up 2.9% YoY; operating margin falls to 10.6%

The company’s revenue grew 26 percent at Rs 4,406.8 crore against Rs 3,487.6 crore year on year.

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Titan on Friday reported a net profit growth of 2.9 percent year on year at Rs 314.4 crore for the September quarter. The company had posted a profit of Rs 305.6 crore during the previous quarter.

The company’s revenue grew 26 percent at Rs 4,406.8 crore against Rs 3,487.6 crore year on year.

The operating profit grew 5 percent at Rs 467.1 crore against Rs 444.4 crore last year.

The EBTIDA margin, however, fell to 10.6 percent against 12.7 percent.

Among segments, jewellery segment revenue grew 28.5 percent at RS 3,582.1 crore, while its watches revenue grew 17 percent to Rs 675.7 crore. The eyewear revenue grew 19 percent to Rs 120 crore.

In terms of EBIT, the jewellery business saw an EBIT growth of 6.6 percent at Rs 392 crore, while watches EBIT grew 33 percent at Rs 121.8 crore.

The eyewear business saw an EBIT loss of Rs 1 crore against Rs 1.4 crore EBIT profit.

At the close of market hours, Titan Company was quoting at Rs 848.00, down Rs 3.15, or 0.37 percent, on the BSE.
First Published on Nov 9, 2018 05:12 pm
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