Titan will be reporting its Q2 earnings today. CNBC-TV18 poll suggests a 3 percent decline in revenue. However, because it is a business of high fixed expenditure, EBITDA is likely to decline by about 30 percent.
The net profit is also expected to decline by around 37.5 percent to Rs 100 crore. However, the important thing to look out for is how the company performs on its operational front – whether there are some gold hedge related losses or profits. Also, management commentary on festive season offtakes and sentiment is key.