Titan Q3 results today: What to expect, key things to track for investors

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Consumer discretionary major Titan Ltd will report its third quarter results today and if we go by the pre-quarter update, the company is expected to post strong growth in both bottom line and top line.

Titan said its standalone grew 22% year-on-year in the third quarter.

Here’s what to expect from Titan’s Q3

Core earnings

Titan’s consolidated revenues are likely to jump 25% year-on-year in the third quarter, and net profit is seen growing up to 27% year-on-year.

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Margins

Higher raw material prices would likely lead to decline in gross and EBITDA margins in the December quarter. Brokerage Sharekhan expects EBITDA margins to decline 14 basis points year-on-year to 11.5%.

Read more: Adani Twins Q3 results today: What should Dalal Street investors expect?

Jewellery segment

The Jewellery segment is likely to have a strong quarter. The growth in gold (plain) and coins in this festive quarter notably exceeded the studded sales growth driven by higher consumer interest in gold despite elevated prices and volatility.

Suitable investments in exchange programs and consumer offers were carried out during the festive period to maintain growth momentum, while wedding segment contribution improved marginally YoY.

“We anticipate the jewellery segment to grow by 25.4%, with a four-year revenue CAGR of 23.6%,” said Motilal Oswal.

Watches & Wearables and Eyecare

In the watches and wearables segment, the company reported business growth of 23% year-on-year in the pre-quarter update. This was driven by 18% revenue growth in the Analog watches and 64% growth in wearables.

The Eyecare division likely had a muted quarter with revenues expected to fall by 3% year-on-year. Kotak Equities is modeling 18% YoY growth in watch and eyewear, aided by store growth.

25 new stores were added in the watches segment including 9 stores in Titan World, 11 in Helios and 5 in Fastrack respectively.

Store additions

The company added a total of 90 stores during the quarter, taking the group’s total presence to 2,949 stores. At the end of September quarter, Titan had 2,859 stores.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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