Titan q1 results 2023 date

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.

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. Ten best bets for weeks as bulls rule the Street, charge Nifty to record highs. Thangamayil Jewellery: Why are we bullish on this regional jewellery player? Titan Company Q2: Net profit rises 9. Titan Q3 preview Profit to be flat on high base, margins to contract. Titan Q2 preview A sparkling quarter backed by double-digit growth across segments.

Titan q1 results 2023 date

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. Fastrack Smart on-boarded actor Ranveer Singh as the Brand Ambassador and launched its first campaign 'Follow Yourself' towards the end of the quarter. Titan Smart too launched an exciting new line of products titled 'Evoke' providing a refreshing take on 'Fashion meets Function'. 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. The jump in sales was on the back of increased buying of gold in April as consumers celebrated the annual festival of Akshaya Tritiya when buying the yellow metal is considered auspicious, while wedding purchases boosted volumes in the June quarter. The airline has reported the highest-ever quarterly net profit in Q1FY24, reflecting strong operational performance, execution of plans and strategy, along with favorable market conditions. Titan Company share price ended over a percent lower on Wednesday ahead of the announcement of Q1 results. Titan share price closed 1. Expect Titan Company to deliver strong sales growth despite a tougher base. Commentaries on exit-growth and outlook remain key, JM Financial said.

All News Videos. Buyer growth was higher than average ticket size growth for this period.

Titan Q1 results preview : Titan — a Tata group company that manufactures a range of products including jewellery, watches and eyewear — is scheduled to report its financial results for the April-June period on Wednesday, August 2. Analysts expect Titan — whose popular brands include Fastrack, Sonata, Octane, Tanishq, CaratLane, Zoya and EyePlus — to report a strong quarterly performance driven by robust demand and steady margins across segments. 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 The analysts estimate its revenue for the three-month period to come in at Rs 10, crore as against Rs 8, crore for the corresponding quarter a year ago. The company's margin — a key measure of a company's profitability — is estimated at 12 per cent for the quarter ended June , as against For the final quarter of the financial year , Titan reported a Its revenue came in at Rs 9, crore for the March quarter, as against Rs 7, crore for the corresponding period a year ago, according to a regulatory filing.

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

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 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.

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We understand that the first half of April witnessed weakness in demand due to an increase in gold prices and no wedding dates, while the second half of April witnessed some recovery due to Akshay Tritiya. Investors should monitor net interest margins, which are expected to decline due to higher deposit costs. Recommended For You. Neptune Exports' board meeting on April 28, Titan Company Titan Company Ltd. Volume No Data Available. Remove some to bookmark this image. Q3 results today: Tata Motors, Delhivery, Indigo among companies to announce earnings Nearly companies, including Tata Motors and Indigo, will be announcing their December quarter earnings. High pizza cost tricky? Street will be closely watching these results. Titan Comapny share price extended losses on Wednesday ahead of the release of Q1 results today. Brand Titan and international brands saw strong buying momentum clocking handsome double digit growths.

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. Ten best bets for weeks as bulls rule the Street, charge Nifty to record highs.

Weekly Tactical Pick: Why this jewellery maker is set to glitter. Its revenue came in at Rs 9, crore for the March quarter, as against Rs 7, crore for the corresponding period a year ago, according to a regulatory filing. Buyer growth was higher than average ticket size growth for this period. The automaker is likely to report a healthy double-digit growth in earnings on the back of robust sales volumes and higher realisations. Catch latest stock market updates here. Titan Company is likely to see its net profit rising Analysts expect modest growth in net interest income and profit. Powered by. Podcasts View Less -. Elections