Titan Q4 results tomorrow: Net profit likely to rise 8% YoY; jewellery segment to aid revenue growth

The precocious Rakesh Jhunjhunwala-backed Titan Company is expected to study gross of ₹11,250 successful Q4FY24, registering a maturation of 16% from ₹9,704 successful the year-ago period, according to mean estimates of 5 brokerages.

Titan Q4 nett net is estimated to emergence 8.2% to ₹794 crore from ₹734 crore, year-on-year (YoY). Analysts judge determination could beryllium request moderation successful Titan’s jewelry conception successful Q4FY24.

Titan is expected to study precocious treble digit worth maturation contempt elevated golden prices driven by a beardown wedding season. New maturation engines similar Taneira and Caratlane are apt to turn by 30% and 37%, according to brokerage steadfast Prabhudas Lilladher.

Also Read: Adani Ports Q4 Results: Net nett jumps 76% YoY to ₹2,040 crore; declares dividend of ₹6

Titan’s jewelry conception is expected to turn by 18.5%, with a five-year gross CAGR of 21.4%. Watches and Eyewear income are apt to beryllium nether unit with maturation of 5% and diminution of 1%, respectively.

At the operational front, Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) during the 4th ended March 2024 whitethorn summation 11.8% to ₹1,297.8 crore from ₹1,160.5, portion EBITDA borderline is apt to grow by 73 bps to 11.53% from 10.8%, YoY, arsenic per the estimates.

In its preliminary Q4 concern update, Titan said it registered a gross maturation of astir 17% YoY successful the quarter. Its Jewellery home operations grew 19% YoY led by some buyers and aforesaid store income clocking steadfast treble digit growths.

Read here: Titan Q4 update: Tata Group institution posts 17% gross maturation successful Q4 FY24, adds 86 stores

Watches & Wearables home concern grew 7%, portion EyeCare Division’s gross declined by 1% YoY. In Emerging Businesses, Taneira’s gross grew 37%, portion Caratlane's concern grew 30% YoY.

Titan added implicit 86 caller stores successful Q4, expanding its retail web beingness to 3,035 stores successful India.

Going ahead, the company’s outlook connected planetary concern enlargement volition beryllium a cardinal monitorable.

Titan stock terms has fallen astir 5% successful 1 month, portion the banal is down implicit 2% year-to-date (YTD). In the past 1 year, Titan shares person gained implicit 34%.

At 3:00 pm, Titan shares were trading 0.51% little astatine ₹3,570.70 apiece connected the BSE.

Read each Q4 results here

Disclaimer: The views and recommendations made supra are those of idiosyncratic analysts oregon broking companies, and not of Mint. We counsel investors to cheque with certified experts earlier making immoderate concern decisions.

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Published: 02 May 2024, 03:04 PM IST