Titan’s (CMP: Rs 1,514; Market Capitalisation: Rs 134,406 crore) business update for the March 2021 quarter indicates acceleration in revenue growth. We expect revenue growth of about 60 per cent in the March quarter as compared to 17 per cent in the December 2020 quarter. Improved consumer sentiments, coupled with market share gains, led to a strong performance in January- February 2021, while the low base of March last year (due to the nationwide lockdown) further boosted performance. Margins in the...
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