Titan Company Q1 Review - Expect Recovery Ahead Of Festive Season: Dolat Capital
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.
Dolat Capital Report
Titan Company Ltd.’s Q1 FY22 operational performance was below our estimate as we anticipated better operational efficiency during the quarter.
As ~90% of the markets are now open, we expect improvement in sales growth going ahead.
Higher growth in the jewellery segment would be driven by-
pent up demand as stores were operational for very limited time/closed during Q1 FY22 ;
buying ahead of festive season.
Though Titan's studded jewellery contribution improved at 22% versus 18% in Q1 FY21, it remained low compared to Q1 FY20 (25%).
Marketing activities and opening up of markets are expected to drive studded growth in the coming quarters.
Click on the attachment to read the full report:
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.