Titan is expected to report net profit at Rs 209 crore in January-March quarter, falling 3 percent from Rs 215 crore in corresponding quarter last fiscal. According to a CNBC-TV18 poll, the watch and jewellery company is likely to see revenue up 12.5 percent at Rs 2811 crore in Q4FY16 against Rs 2496 crore in year-ago period.
During the period, EBITDA is seen up 5.5 percent at Rs 285 crore compared to Rs 270 crore while EBITDA margins may stand at 10.1 percent versus 10.8 percent year-on-year.
Analysts polled by CNBC-TV18 are divided over jewellers strike impact in the numbers. While some believe there will be little adverse impact, some others say impact could be more severe.
Jewellery segment, which contributes 70-75 percent to revenues, is expected to decline.
Watches segments may remain lack-lustre in Q4FY16 while discretionary demand may still pick up slowly. Premium segment, however, may continue to do well. Eyewear business continues to be muted. Low tax rate in base quarter to further lead to optical decline in bottom line
Watch for#Standing hedges in gold, forex and impact in margins#Share of studded jewellery and impact on revenues# Outlook on discretionary demand based on expectation of monsoons
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