BQ Blue'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 BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Prabhudas Lilladher Report
We are cutting FY22 and FY23 earnings per share estimates of Titan Co. by 21.3% and 0.8% as second wave of Covid-19 has impacted the recovery.
June has seen strong rebound in jewellery sales although trends vary from state to state and across cities depending upon the Covid restriction and consumer sentiments.
We have been positively surprised by sharp recovery in watches and eyewear, unlike last year when they were to recover.
We believe this is a transition phase and the company seem well placed to capitalise on growth led by:
Benefit of hallmarking with strong brand as organised players in jewellery gain share.
Omni-channel strategy across jewellery, watches and eyewear.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint 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 BloombergQuint.
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.
