Titan q1 results 2023 date

Wearables to play key role in Titan's plan to hit Rs 10, cr consumer sales target in biz segment, titan q1 results 2023 date. Weekly Tactical Pick: Why this jewellery maker is set to glitter. Ten best bets for weeks as bulls rule the Street, charge Nifty to record highs. Thangamayil Jewellery: Why are we bullish on this regional jewellery player?

Titan Company share price was trading a percent lower ahead of the release of Q1 results today. Titan Company was expected to see a decent earnings growth in the first quarter of FY Analysts expected the net profit rising Revenue from operations rose 30 per cent year-on-year. In Wearables, the Fastrack brand grew the fastest clocking sizeable gains in the portfolio.

Titan q1 results 2023 date

Titan Q1 results preview : Titan — a Tata group company that manufactures a range of products including jewellery, watches and eyewear — is scheduled to report its financial results for the April-June period on Wednesday, August 2. Analysts expect Titan — whose popular brands include Fastrack, Sonata, Octane, Tanishq, CaratLane, Zoya and EyePlus — to report a strong quarterly performance driven by robust demand and steady margins across segments. According to Zee Business research, Titan is estimated to report a standalone net profit of Rs crore for the first quarter of the current financial year, which translates to a year-on-year increase of The analysts estimate its revenue for the three-month period to come in at Rs 10, crore as against Rs 8, crore for the corresponding quarter a year ago. The company's margin — a key measure of a company's profitability — is estimated at 12 per cent for the quarter ended June , as against For the final quarter of the financial year , Titan reported a Its revenue came in at Rs 9, crore for the March quarter, as against Rs 7, crore for the corresponding period a year ago, according to a regulatory filing. According to Zee Business research, Titan was estimated to report a net profit of Rs crore, revenue of Rs 9, crore and margin of 11 per cent for the March quarter. Read more on Titan Q4 earnings. Titan shares grew As of August 1, the Titan stock has added 17 per cent to its value in so far as against an 8.

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Tata Group's fashion and lifestyle products retailer Titan reported its standalone profit after tax at Rs crore for the quarter ended June Both figures were below the Street estimate. During the quarter, the company's margin fell bps to 9. During the quarter, the company's margin reduced bps to 9. Investors would be keenly watching the management commentary over the international business expansion.

Tata Group-owned Titan Co reported a lower-than-expected first-quarter profit as its jewellery segment, including the popular Tanishq brand, struggled amidst surging gold prices. The company reported a profit of Rs crore for the three months ending June 30, a decline of more than 2 per cent. Analysts had anticipated a profit of Rs crore. During April-June, gold prices reached record highs, impacting demand in the Indian market and increasing Titan's raw material costs by nearly 48 per cent compared to the previous year. As expenses climbed nearly 29 per cent, margins were squeezed, despite a nearly 19 per cent increase in sales, which reached Rs 10, crore. Titan's margins on earnings before interest and taxes EBIT declined to The boost in sales was partly attributed to higher gold buying in April due to the festival of Akshaya Tritiya, considered auspicious for purchasing the yellow metal. The jewellery division accounts for 89 per cent of Titan's total income. In comparison, smaller rival Tribhovandas Bhimji Zaveri reported a significant five-fold jump in quarterly profit. Dark Mode.

Titan q1 results 2023 date

Wearables to play key role in Titan's plan to hit Rs 10, cr consumer sales target in biz segment. Weekly Tactical Pick: Why this jewellery maker is set to glitter. Ten best bets for weeks as bulls rule the Street, charge Nifty to record highs. Thangamayil Jewellery: Why are we bullish on this regional jewellery player? Titan Company Q2: Net profit rises 9. Titan Q3 preview Profit to be flat on high base, margins to contract. Titan Q2 preview A sparkling quarter backed by double-digit growth across segments.

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Titan Q3 preview Profit to be flat on high base, margins to contract. Titan Company Titan Company Ltd. Titan shares grew Revenue from operations grew Of the 26 new stores added in the quarter, 14 stores were in Titan World, 9 stores in Helios and 3 stores in Fastrack respectively. Titan Company is likely to see its net profit rising A tale of 2 pharma companies: Aurobindo shines, Sun Coughs. Podcasts View Less -. NSE Live Mar 12, Despite significant volatility in gold prices throughout the quarter, Akshaya Tritiya sales in April and wedding purchases in June were robust. Titan Q1 earnings: Company reports net profit of Rs 61 cr, beats estimate; sales rise Ten best bets for weeks as bulls rule the Street, charge Nifty to record highs. Jewellery demand has been strong from Akshaya Tritiya which continued through wedding sales in June despite volatility in the gold price during 1QFY

All amounts are in U. Development planning and execution as well equipment purchases for the Sphaleros project continued on target for the quarter. This term is not a standardized financial measure under IFRS and might not be comparable to similar financial measures disclosed by other issuers.

Hello User. Analysts expected the net profit rising Gold Rate. Titan Q3 preview: Tata Group jewel likely to fire on all cylinders. Titan Company Titan Company Ltd. Should investors eye Titan or fastrack profit booking post Q1 earnings? Titan Company today reported a net profit of Rs 61 crore for the quarter ended June as against a net loss of Rs. All News Videos. Its revenue came in at Rs 9, crore for the March quarter, as against Rs 7, crore for the corresponding period a year ago, according to a regulatory filing. Titan said in a statement that the premiumization theme was at the fore with Titan and International brands seeing strong buying momentum clocking handsome double-digit growths in the analog segment. The jump in sales was on the back of increased buying of gold in April as consumers celebrated the annual festival of Akshaya Tritiya when buying the yellow metal is considered auspicious, while wedding purchases boosted volumes in the June quarter.