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. witnessed a strong recovery in demand across segments.
Overall store operational days exceeded 90% in Q2 FY22.
Titan’s overall Q2 FY22 revenue print was significantly ahead of consensus estimates.
Standalone revenue growth (excluding gold bullion sale) was at 78% YoY (versus consensus estimate of ~40%).
Tanishq continues to gain market share amid robust topline growth of 78% YoY with an impressive two-year compound annual growth rate of 32% in Q2 FY22.
It surpassed pre Covid-19 levels in H1 FY22 with growth of 16% versus FY20 levels.
Watches segment witnessed a swift recovery with revenue growth of 73% YoY in Q2 FY22 (~96% of pre-Covid-19 levels)
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