BQ Prime's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Centrum Broking Report
Titan Company Ltd.'s Q2 FY23 business update point out that company has witnessed standalone revenue growth of 18.0%, while Titan Engineering and Automation Ltd. grew 139.0%; Caratlane grew at 56.0% YoY, driven by festival demand influenced by Navratri, lower gold prices, and network expansion.
Interestingly jewelry sales witnessed robust growth of 18.0% despite high base (pent-up demand and spill over purchases of Covid disrupted Q1 FY22).
Gold jewelry clocked low double digit growth whereas studded reported higher than overall divisions led by activations along with higher contribution from premiumsiation.
In Q2, Titan added 105 stores across divisions/ formats. Watches and wearables achieved its highest ever quarterly revenue with 20.0% growth.
Despite weak start in July/August, demand recovered in September 2022 and remained robust given the strong buying occasions such as Navratri.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
