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.
ICICI DIrect Report
Titan Company Ltd. published its Q4 FY21 business update wherein headline numbers were significantly ahead of consensus estimates.
Key takeaways:
- Increase in market share in southern region (Tamil Nadu), which has traditionally been a stronghold of regional jewellers.
- Robust growth of ~70% in Q4 FY21 (supported by favourable base and large business-to-business orders for gold coins).
- Demand for wedding jewellery witnessed healthy offtake with overall share increasing in the pie.
- Robust growth witnessed in both metro and non-metro cities.
- Watches division reported flattish sales while eyewear division registered 20% revenue growth.
Robust performance in challenging times reaffirms our thesis of long term market share gains for Titan.
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.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR