Titan- Tata group's watch to jewellery company is slated to announced on Friday (August 2). During the review period, Zee Business research desk estimates the company to report 10 per cent in consolidated revenue at Rs 13,039 crore. In the same quarter last year, the company's revenue was recorded at Rs 11,897 crore. Also, EBITDA- a key profitability metric is seen to log 12 per cent growth on-year to Rs 1,259 crore. In the same quarter last year, the company's EBITDA was reported at s 1,125 crore.
Margin at the company is also see to grow by a mere 20 bps to 9.5 per cent in the June quarter. In the same quarter last year, margins were recorded at 9.5 per cent. Consolidated net profit, meanwhile, is expected to log 11 per cent on-year growth to Rs 842 crore as against Rs 756 crore recorded in the year-ago period.
The company's jewellery segment is seen to post EBIT margins to the tune of 10.5 per cent to 10.8 per cent. Further, on the auspicious occasion of Akshaya Tritiya, the sector logged double-digit growth on-year. Nonetheless, on the back of lesser days during the wedding season, there was seen softness in demand. Also, buying during the period saw an uptick in low single-digits.
Titan's Q1 business update
In the June quarter, the company added 61 new stores taking its total store count in different segments at 3,096.
Titan's share price performance
The company's shares traded on a muted note ahead of its results tomorrow. Last the company's shares were at Rs 2,450.55, down 0.21 per cent. In one year, the stock has gained nearly 15 per cent.
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