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What should investors do with Titan Company post Q4 results: buy, sell or hold?

The standalone revenue from operations grew by 61.1 percent YoY to Rs 7,135 crore.

April 30, 2021 / 09:49 AM IST
 
 
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Titan Company share price slipped 2 percent in early trade on April 30, a day after the company reported its March quarter earnings.

The company reported a healthy 48.2 percent year-on-year (YoY) growth in standalone profit for Q4 FY21 driven by jewellery business.

Profit during the quarter increased to Rs 529 crore, up 48 percent against Rs 357 crore logged in the year-ago quarter. The sequential growth in bottomline was 26.3 percent.

The standalone revenue from operations grew by 61.1 percent YoY to Rs 7,135 crore during the quarter ended March 2021, but it was down 2.1 percent quarter-on-quarter (QoQ).