• SENSEX
    NIFTY 50
VIDEOS
Earnings

Titan Q1FY21 Earnings: Q1 expected to be a washout quarter

Updated : August 10, 2020 10:54 AM IST

Titan Company is set to release its first-quarter earnings today and it is expected to be a washout quarter for the firm owing to the lockdown. The company is likely to post an EBITDA loss and a net loss.

In the jewellery business, the May revenue decline was 80 percent and July revenue decline was 30 percent. Similarly, in the watches business, the May revenue decline was 95 percent and the June decline was almost 80 percent. The eyewear business was even worse during the quarter.

The Street, hence, is expecting the revenue to decline by about 62 percent.

CNBC-TV18’s Mangalam Maloo lists out the key expectations
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV
Advertisement