Titan q1 results 2023 date

Wearables to play key role in Titan's plan to hit Rs 10, cr consumer sales target in biz segment. Weekly Tactical Pick: Why this jewellery maker is set to glitter.

Tata Group's fashion and lifestyle products retailer Titan reported its standalone profit after tax at Rs crore for the quarter ended June Both figures were below the Street estimate. During the quarter, the company's margin fell bps to 9. During the quarter, the company's margin reduced bps to 9. Investors would be keenly watching the management commentary over the international business expansion. Besides, they would keenly follow any commentary on the impact on demand due to import duty hike on gold.

Titan q1 results 2023 date

Mutual Funds. ET TV. More Menu. Earnings season ends today. The board has recommended an interim dividend of Rs 75 a share for the current financial year, and a special dividend of Rs 25 a share to mark the centennial year of Chairman Emeritus Brijmohan Lall Munjal. All News Videos. The automaker is likely to report a healthy double-digit growth in earnings on the back of robust sales volumes and higher realisations. Lupin Q3 Results: Net profit triples to Rs crore on sales growth The company reported a net profit of Rs crore in the corresponding quarter of the previous year. Revenue from operations grew Street will be closely watching these results.

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Titan Company share price was trading a percent lower ahead of the release of Q1 results today. Titan Company was expected to see a decent earnings growth in the first quarter of FY Analysts expected the net profit rising Revenue from operations rose 30 per cent year-on-year. In Wearables, the Fastrack brand grew the fastest clocking sizeable gains in the portfolio.

All amounts are in U. Development planning and execution as well equipment purchases for the Sphaleros project continued on target for the quarter. This term is not a standardized financial measure under IFRS and might not be comparable to similar financial measures disclosed by other issuers. Waste development continued to advance on the Mahler ramp system which continues to provide access to a high-grade ore horizon in the Lower Mahler mining zone. It is expected that ore from this zone will support head grade at planned levels for the remainder of the year. The long hole stoping program for New Fold continued in the first quarter but is being paused in the second quarter to focus on improving ground control and engineering design. Production from this area is scheduled to restart in the second half of the year. Engineering and design efforts are well underway for the development of the Sphaleros underground project. Equipment required for the development has been identified and the acquisition process is underway. To help facilitate planning for the Sphaleros development an extensive LiDAR survey has been completed mapping the existing underground workings of the historic 2 Mine.

Titan q1 results 2023 date

Tata Group-owned Titan Co reported a lower-than-expected first-quarter profit as its jewellery segment, including the popular Tanishq brand, struggled amidst surging gold prices. The company reported a profit of Rs crore for the three months ending June 30, a decline of more than 2 per cent. Analysts had anticipated a profit of Rs crore. During April-June, gold prices reached record highs, impacting demand in the Indian market and increasing Titan's raw material costs by nearly 48 per cent compared to the previous year.

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Brand Titan and international brands saw strong buying momentum clocking handsome double digit growths. Titan Company share price was trading a percent lower ahead of the release of Q1 results today. Expect Titan Company to deliver strong sales growth despite a tougher base. According to Zee Business research, Titan is estimated to report a standalone net profit of Rs crore for the first quarter of the current financial year, which translates to a year-on-year increase of And Selling Expenses A tale of 2 pharma companies: Aurobindo shines, Sun Coughs. Wearables to play key role in Titan's plan to hit Rs 10, cr consumer sales target in biz segment. Volume No Data Available. Titan said in a statement that the premiumization theme was at the fore with Titan and International brands seeing strong buying momentum clocking handsome double-digit growths in the analog segment. Load More.

All amounts are in U. Development planning and execution as well equipment purchases for the Sphaleros project continued on target for the quarter. Zinc production of

Wearables to play key role in Titan's plan to hit Rs 10, cr consumer sales target in biz segment. Titan Company Ltd. Tools and Calculators. Besides, they would keenly follow any commentary on the impact on demand due to import duty hike on gold. Intra - day transactions are permissible and normal trading is done in this category. Titan Company on Friday reported a fold jump in year-on-year YoY net profit at Rs crore in the June quarter compared with Rs 61 crore profit in the same quarter last year. Analysts had expected the company to report a net loss of Rs. Get alerts on WhatsApp. More Menu. Powered by. In medium term, we continue to believe that jewellery segment can outperform other consumer discretionary segments as it is relatively immune inelastic wedding purchases, gold as an investment asset etc. Titan shares were trading 0. Browse Companies:.