Watch and jewellery maker Titan Company's third quarter profit is expected to be flat at Rs 225.1 crore compared with year-ago quarter, impacted by demonetisation.
Revenue during the quarter is seen rising 6 percent year-on-year to Rs 3,633.88 crore and operating profit may grow 7 percent to Rs 332 crore, according to average of estimates of analysts polled by CNBC-TV18.
Margin is expected to be flat at 9 percent on year-on-year basis.
Jewellery business is likely to grow by 10 percent. Golden Harvest Scheme may support revenue growth.
Watches sales may fall 13 percent as demonetisation hit trade channels while eye wear segment is expected to be impacted by not only demonetisation but also low sunglasses demand.
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