homevideos Newsretail NewsTitan Q2 Earnings: Net profit expected to grow 20%

Titan Q2 Earnings: Net profit expected to grow 20%

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By Mangalam Maloo  Nov 5, 2019 10:04:43 AM IST (Updated)

Titan Company is all set to announce its second-quarter earnings on Tuesday. The stock is off its record high by 7-8 percent.

Here's what to expect from the company today:
  • For jewellery vertical, the revenue is expected to decline by about 2 percent. However, that does not impact its margins primarily because the retail business has been fairly good.
  • Retail sales grew by 7 percent in the first month of the quarter and 15 percent in the next two months, outpacing the market.
  • In terms of watches, the revenue is likely to grow just by about 7 percent primarily on account of weak consumer sentiment.
  • The eyewear business is expected to witness a robust growth of 28 percent.
  • All these numbers put together, the analysts have expected 2.5 percent growth in the company’s standalone revenue this time at Rs 4,515 crore.
  • The EBITDA is expected to jump by 15 percent to Rs 536 crore. A margin expansion of close to 150 basis points is expected.
  • Net profit is likely to grow by about 20 percent on account of higher margins.
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