Titan q1 results 2023 date

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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.

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 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. Fastrack Smart on-boarded actor Ranveer Singh as the Brand Ambassador and launched its first campaign 'Follow Yourself' towards the end of the quarter. Titan Smart too launched an exciting new line of products titled 'Evoke' providing a refreshing take on 'Fashion meets Function'. 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. 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 share price ended over a percent lower on Wednesday ahead of the announcement of Q1 results. Titan share price closed 1. Expect Titan Company to deliver strong sales growth despite a tougher base. Commentaries on exit-growth and outlook remain key, JM Financial said.

Titan Q1 results: Here's what to expect from Jhunjhunwala's biggest stock bet Investors would be keenly watching the management commentary over the international business expansion. Titan shares were trading 0.

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.

All amounts are in U. Development planning and execution as well equipment purchases for the Sphaleros project continued on target for the quarter. Zinc production of This term is not a standardized financial measure under IFRS and might not be comparable to similar financial measures disclosed by other issuers. Waste development continued to advance on the Mahler ramp system which continues to provide access to a high-grade ore horizon in the Lower Mahler mining zone.

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.

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View in App Analysts expect Titan to report a margin of 12 per cent for the June quarter. Titan Company share price was trading a percent lower ahead of the release of Q1 results today. Remove some to bookmark this image. More Menu. Buyer growth was higher than average ticket size growth for this period. Analysts expect modest growth in net interest income and profit. Revenue from operations rose 30 per cent year-on-year. During the quarter, the company's margin reduced bps to 9. Sign Out. A tale of 2 pharma companies: Aurobindo shines, Sun Coughs. Login Now. Mint Premium View Less -.

All amounts are in U.

Gold Rate. More Menu. Titan Q3 results miss Street estimates; should you buy, sell or hold the Tata group stock? May witnessed a relative improvement in demand due to a higher number of wedding dates. It anticipates the jewelry segment to grow by around Asian Paints is likely to report strong Q3 results. A tale of 2 pharma companies: Aurobindo shines, Sun Coughs. Titan Company Ltd. As of August 1, the Titan stock has added 17 per cent to its value in so far as against an 8. Brand Titan and international brands saw strong buying momentum clocking handsome double digit growths. Q3 results today: Adani Enterprises, Adani Ports, Titan among 86 companies to announce earnings The Street has an action-packed day on Thursday with the release of Union Budget and earnings announcements from 86 BSE listed companies for the December quarter.