Motilal Oswal: Titan Q2 Review - Remarkable Recovery In Jewellery; Festive Demand Trends Encouraging   

Motilal Oswal: Titan Q2 Review - Remarkable Recovery In Jewellery; Festive Demand Trends Encouraging 

Gold bangles sit on display inside a Titan Co. Tanishq jewelry store in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

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.

Motilal Oswal Report

Titan Company Ltd.’s jewellery segment’s (adjusting for one-off bullion sales) recovery of 98% is remarkable.

The first 10 days of the festive season, even when compared to the corresponding (non-Covid-19) period last year, shows single-digit YoY growth.

This, along with likely bunching up of wedding dates in Q3 FY21, offers hope that recovery to normalcy may actually take place (compared to continued guidance for Q4 FY21).

Click on the attachment to read the full report:

Motilal Oswal Titan Company Q2FY21 Result Update.pdf
Read Document

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 brokerage 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.

lock-gif
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Still Not convinced ?  Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
GET REGULAR UPDATES