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.
Dolat Capital Report
Titan Company Ltd.’s Q2 FY21 revenue and adjusted profit after tax was in line, but Ebitda was lower than our estimates.
Significant jump in gold prices impacted sales in July, however, August and September witnessed gradual recovery, helping the jewellery segment to recover 89% of its sales.
Other expenses remained high due to increase in ineffective hedges. Going ahead, ineffective hedges are likely to reduce substantially with normalization of demand scenario.
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