Titan Company - Encouraging Topline Trends
TTAN reported a ~10% EBITDA miss, half of which was due to a ~100bps miss on jewelry margin, with the rest due to higher loss on customs duty cut...
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Titan Company - Relative Underperformance to Continue; Margin Guidance Cut
Titan's domestic jewellery business revenue growth had a strong revival (~25% YoY; LFL: 15% YoY) driven by improved industry demand conditions
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Titan Company Ltd - Lower Jewellery Biz Margins Hit Q2
Titan Company’s (Titan’s) Q2FY2025 numbers were affected by lower margins in the jewellery business. Consolidated revenues grew by 16% y-o-y;...
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Titan Company - Demand Trends Positive; Miss on Margins
itan Company (TTAN) posted consolidated sales growth of 16% YoY in 2QFY25 (in line). The pressure on EBITDA margins led to a 7% miss on EBITDA...
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HDB Financial Services Pre-IPO - The Positives - Reputed Parent and Strong AUM Growth
HDB Financial Services (HDBFS) is looking to raise around US$1.5bn in its upcoming India IPO. In this note, we talk about the positive aspects of...
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