Titan clocks an upward move of more than 15% post Q2 results



The spurt in the stock price is on account of strong quarterly results posted by the company on November 3, 2017. The stock is trading at a price of Rs 765.25, up by 16% or Rs 107 on NSE, at 9.33 am after achieving a lifetime high of Rs 824.65 in the opening trades.

Revenue for the quarter came in 12.4 % higher than the estimated figure of Rs 3,090 crores. EBITDA for the quarter came in 25.8 % higher than the estimated figure of Rs 317 crores. Net profit for the quarter came in 28 % higher than the estimated figure of Rs 217.1 crores.

The company’s consolidated revenue for the quarter came in at Rs. 3473 crore, registering 28.4% yoy increase. This was driven by 37% yoy rise in revenue from sale of jewellery on account of festive season.
The PAT for the quarter came in at Rs. 278 crore, yoy increase of 67.5%. This was due to rise in other income to Rs.44.63 crore in Q2FY18 vs Rs. 10.67 crore in Q2FY17.
The company’s retail chain stands at 1415 stores, as on 30th September, 2017.




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