Titan Q4 net may slip 3%, jewellers strike will effect
Titan Q4 net may slip 3%, jewellers strike will effect
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Titan is likely to report net profit at Rs 209 crore in January-March quarter, falling 3 % from Rs 215 crore in corresponding quarter last fiscal. The watch and jewellery company is expected to see revenue up 12.5 percent at Rs 2811 crore in Q4FY16 against Rs 2496 crore in year-ago period.

During the period, EBITDA is seen up 5.5 percent at Rs 285 crore compared to Rs 270 crore while EBITDA margins may stand at 10.1 percent versus 10.8 percent year-on-year.

Jewellery segment, which contributes 70-75 percent to revenues, is expected to turn down. Watches segments may stay lack-lustre in Q4FY16 while discretionary demand may still pick up gradually. Premium segment, however, may continue to do well. Eyewear business continues to be muted. Low tax rate in base quarter to further lead to optical decline in underneath line

 

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