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 Q4 FY22 result was above our expectations, led by healthy sales growth in the non-jewelry segments. The management stated that growth in jewelry sales was strong in April 2022, in line with its yearly targets.
Titan's margin outlook is improving, with a higher proportion of studded jewelry (up 400 basis points YoY in Q4 FY22), gradually moving towards pre-Covid-19 levels.
The opportunity for growth is immense in the jewelry industry, with Tanishq’s current market share below 10%.
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