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.