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Net Sales are expected to increase by 15 percent Y-o-Y (up 4.3 percent Q-o-Q) to Rs 15,197.3 crore, according to Prabhudas Lilladher.
According to a Moneycontrol poll, Titan Company is likely to report a 16 percent revenue growth at Rs 16,366 crore.
Brokerages were mixed on their outlook for Titan shares, as some remained bullish, while the others were bearish on volatile gold prices, rising competition.
According to a Moneycontrol poll, Titan Company is likely to report a 14.6 percent revenue growth at Rs 12,904 crore.
Titan Company's Q2 profit fell 25 percent year-on-year, prompting brokerages to cut target prices due to a customs duty cut impact, shrinking margins, and weak demand in key segments.
Titan's slower-than-expected topline growth is a result of the sudden spike in gold price and low-wedding days.
Titan is expected to see a tepid quarter amid lower number of wedding days, rising gold prices and increasing competition from regional players.
Titan's growth will be led by its jewellery segment, as the improved wedding segment performance is set to drive performance.
A poll of brokerages has pegged Titan's EBITDA margin at 11.6 percent, improving from 10.7 percent in the year-ago period
Outlook on international business expansion, volume growth trend, commentary on market share gains in South, update on inventory levels, and capital base movement, will be in focus, say brokerages
The Tata group company is expected to report a post-tax profit of Rs 713 crore on revenue of Rs 8,604 crore, says a Moneycontrol poll
The year-on-year growth is likely to be driven by robust growth across its three main business segments of jewellery, watches and eyewear, with experts expecting all three lines to more than double revenues from last year.
Net Sales are expected to increase by 168.6 percent Y-o-Y (up 19.7 percent Q-o-Q) to Rs. 9,328.8 crore, according to ICICI Direct.
Customer conversion and ticket sizes grew marginally YoY, while walk-ins saw minor decline; majority of the cities in India witnessed small declines in sales; plain jewellery category bore the brunt of price volatility in March leading to a slight decline in sales during the quarter
Net Sales are expected to decrease by 0.2 percent Y-o-Y (down 25.5 percent Q-o-Q) to Rs. 7,480.7 crore, according to ICICI Direct.
The consumer discretionary company’s revenues are likely to grow 35 percent on-year growth to Rs 9,337 crore for the reported quarter, according to Moneycontrol poll
Net Sales are expected to increase by 29.9 percent Y-o-Y (up 32.1 percent Q-o-Q) to Rs. 9,896.6 crore, according to ICICI Direct.
Although overall earnings growth is expected to be strong, analysts expect it to be driven by a handful of sectors.
Key things to watch out for would be the commentary on operational stores and hours as well as demand scenario due to lockdowns.
Net Sales are expected to increase by 58.2 percent Y-o-Y (down 2.2 percent Q-o-Q) to Rs. 7,454 crore, according to ICICI Direct.
Earnings visibility is strong for Titan over the next one to two years
While staying neutral on the stock, Credit Suisse also slashed price target Rs 1,050 from Rs 1,250 after cutting FY20/21 earnings estimates by 7/9 percent