Motilal Oswal
  • SENSEX
    NIFTY 50
Motilal Oswal
VIDEOS
Earnings

Titan Q3 earnings today: Net profit likely to grow 33%

Updated : February 01, 2019 07:56 AM IST

Titan Company Ltd will be reporting its quarterly earnings on Friday and the consumer goods firm is set to report strong numbers this time around.

  • The stock is at a record high, the street is expecting a good set of numbers. Before the results, the management gives quarterly updates and they have said that the company continued its good growth momentum across all businesses.

  • For the jewelry business, they expect the full year growth to be 22 percent. First half, it grew at 18 percent. So that implies that the second half would grow at 27 percent. So that is what the street is working with.

  • For the watches business, the street will watch out for strong revenue growth. Margins will be substantially subdued because the management has spent higher on advertising. 18 percent is what they did in the first half, so 15-16 percent is what they will end this year with. The second half would be much lower than 18 percent.

  • Revenue growth of 27 percent close to Rs 5,241 crore is expected. EBITDA seen much higher 32.5 percent growth out there close to Rs 600 crore and a net profit around Rs 409 crore that implies another 33 percent growth.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
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