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)

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

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

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