Titan Q2 profit seen up 30%, diamond sales may support margin

Watch and jewellery maker Titan Company's second quarter profit is likely to increase 30 percent year-on-year to Rs 198 crore and revenue is seen rising 17 percent to Rs 3,130 crore, according to average of estimates of analysts polled by CNBC-TV18.

Analysts expect 18 percent growth in jewellery division aided by improved realisations and golden harvest scheme sales.

Operating profit may improve due to improving share of studded jewellery while watches segment growth may remain muted at 3 percent, impacted by weakness in export & services business. Higher diamond sales may improve margin.

EBITDA (earnings before interest, tax, depreciation and amortisation) is likely to jump 41 percent year-on-year to Rs 286 crore and margin may expand 100 basis points to 9 percent in Q2.