Titan Company – a Tata group manufacturer of jewellery and watches – is expected to report robust earnings for the January-March quarter of the financial year 2022-23 (Q4FY23) on Wednesday, May 3, 2023.

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According to Zee Business research, Titan – whose popular brands include Tanishq, CaratLane, Mia, Zoya, Sonata and Helios – is likely to register double-digit percentage growth in both top-line and bottom-line driven by rising gold prices and the wedding season. However, growth may appear sharp over a low base.

The analysts estimate Titan's quarterly net profit at Rs 713 crore for the three-month period, which translates to growth of 45.2 per cent compared with the corresponding quarter a year ago. They peg its revenue at Rs 9,095 crore, up 25 per cent on a year-on-year basis.

According to the research, Titan is estimated to report Rs 1,035 crore in earnings before interest, taxes, depreciation and amortisation (EBITDA) – a measure of the company's overall financial performance, a jump of 32 per cent.

Zee Business estimates expected the company’s margin – a key measure of a business's profitability – to come in flat at 11 per cent compared with the year-ago period.

What ICICI Direct expects in Titan Q4 results

In line with Zee Business expectations, most analysts on the Street also believe the company is likely to report a strong quarterly performance.

ICICI Direct is view of that Titan’s has been a secular growth story with consistent market share gains from unorganised players. “Despite a sharp surge in gold prices during the quarter, Titan's jewellery space recorded healthy growth of 23 per cent (YoY) in Q4FY23. Growth was also aided by a partially disrupted base quarter,” the brokerage said in a research report.

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