Titan Company - Steady Performance; EBIT Margin Guidance Intact
Standalone jewelry sales (excl. bullion) rose 26% YoY, driven by strong festive demand, higher gold prices, and a 29% surge in wedding purchases.
168 Views
Titan Company - Robust Q3; Focus Is on Revenue-Led Earnings Growth; Maintain BUY
TTAN's Q3 EBITDA beat our estimate by 5%, helped by better margins as revenue came in line. Jewelry retail growth improved to 28% vs 21% in Q2, led...
325 Views
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...
224 Views
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
234 Views
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;...
195 Views