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Titan Q4 earnings today: Key things to watch out for

Updated : May 08, 2019 08:17 AM IST

Titan Company Ltd will report its fourth-quarter earnings on Wednesday and analysts expect the consumer goods company to report a near 19 percent jump in total income.

  • The management is expecting a decent quarter. The stock is pretty close to its record high and has seen a surge of almost 50 percent from the lows. The stock trades upwards of 50 times FY20 earnings.

  • The management had given a Q4 update and because of which the street has a cheat sheet to work with. For FY19, the management said sales grew by 1 percent, the jewellery revenue grew by 22 percent, watches saw a revenue growth of 16 percent. All these numbers are FY19. Eyewear also grew about 23 percent.

  • Add to that the management was fairly confident about FY20 as well and they have targeted a 20 percent growth in the next year despite a muted outlook for the economy.

  • A CNBC-TV18 poll suggests total income will rise by about 18.5 percent in Q4. The number that one is looking out for in the standalone revenue is Rs 4,630 crore.

  • The EBITDA is likely to grow a little ahead of revenues and that causes a margin expansion. The number that we are looking at on the EBITDA front is Rs 550 crore, margins seem to expand by about 30-40 basis points.
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