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.
Dolat Capital Report
Titan Company Ltd.'s Q1 FY23 core revenue was in-line, but including gold-ingot sales of Rs 3.6 billion, revenues came 4% higher than our estimates.
Post complete re-opening of markets, Titan has benefited for strong sales traction and three-year compound annual growth rate has again normalised to 23.4%.
Jewellery business witnessed positives –
gold and studded jewellery grew by 260% plus,
new buyer contribution increased to 46%,
wedding jewelry sales jumped 178% and
studded jewellery contribution normalised to pre-pandemic level of 26%.
Highest ever sales recorded in watch and eyewear division and margin improvement in watches to 13.1% was an encouraging performance.
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.
