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
Despite losing out on sales for a large part of May 2021 due to the lockdowns across the country, Titan Company Ltd. reported a decline of only ~33% over Q1 FY20 (normal) levels.
This was to some extent aided by bullion sales of Rs 4.24 billion.
Titan's margin performance was also better than expected, led by cost savings and better than expected sales.
Watches and eyewear seem to be reporting a much faster recovery versus that witnessed after the lifting of lockdown restrictions last year.
With the recovery in June 2021 continuing into July 2021 as well, pent up demand and a healthy wedding season demand outlook appears attractive.
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