Titan q1 results 2023 date

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

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. Besides, they would keenly follow any commentary on the impact on demand due to import duty hike on gold. Also, the pooja season is coming into Q2 this year as opposed to being in October last year.

Titan q1 results 2023 date

Mutual Funds. ET TV. More Menu. Earnings season ends today. The board has recommended an interim dividend of Rs 75 a share for the current financial year, and a special dividend of Rs 25 a share to mark the centennial year of Chairman Emeritus Brijmohan Lall Munjal. All News Videos. The automaker is likely to report a healthy double-digit growth in earnings on the back of robust sales volumes and higher realisations. Lupin Q3 Results: Net profit triples to Rs crore on sales growth The company reported a net profit of Rs crore in the corresponding quarter of the previous year. Revenue from operations grew Street will be closely watching these results.

Titan Company added a total of 68 stores,including CaratLane, during the April-June quarter taking its retail presence to 2, stores. Mint Premium View Less .

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.

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. Titan: Glittering performance to continue. Titan Q2: One dull quarter does not take away its long-term lustre.

Titan q1 results 2023 date

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

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Additionally, credit costs, business growth, loan mix, and asset quality are important factors to watch. Titan Company is likely to see its net profit rising 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. Ten best bets for weeks as bulls rule the Street, charge Nifty to record highs. Other factors to watch include credit costs, business growth, loan mix, and asset quality. Titan Q1 results: Double-digit profit growth likely In its pre-quarterly update, Titan reported 13 per cent jewellery sales growth in June quarter. Image: Reuters. 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. It'll just take a moment. 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 Titan Comapny share price extended losses on Wednesday ahead of the release of Q1 results today. For the final quarter of the financial year , Titan reported a Volume No Data Available. May witnessed a relative improvement in demand due to a higher number of wedding dates.

The total income for the quarter on a standalone basis was Rs. Milestone Alert! Unlock a world of Benefits!

The airline has reported the highest-ever quarterly net profit in Q1FY24, reflecting strong operational performance, execution of plans and strategy, along with favorable market conditions. Titan Company on Friday reported a fold jump in year-on-year YoY net profit at Rs crore in the June quarter compared with Rs 61 crore profit in the same quarter last year. Home Election We understand that the first half of April witnessed weakness in demand due to an increase in gold prices and no wedding dates, while the second half of April witnessed some recovery due to Akshay Tritiya. Titan Comapny share price extended losses on Wednesday ahead of the release of Q1 results today. Also, the pooja season is coming into Q2 this year as opposed to being in October last year. Jewellery demand has been strong from Akshaya Tritiya which continued through wedding sales in June despite volatility in the gold price during 1QFY Titan Company Titan Company Ltd. 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. Titan Q1 earnings: Company reports net profit of Rs 61 cr, beats estimate; sales rise You are just one step away from creating your watchlist! Tata Motors is expected to have a strong performance due to robust demand for vehicles in India and growth in volumes for Jaguar Land Rover.