MEMBER'S LOGINX
| Login Failure | ||||||||
|
||||||||
| Sign Up | Forgot Password? | ||||||||
- Home
- Outlook Arena
- Aug 10, 2017 - Titan: Jewellery Business Lights up the Quarter
Titan: Jewellery Business Lights up the Quarter
Titan Industries declared its results for the first quarter of financial year 2018 (1QFY18). While topline growth was 42.2% YoY, net profit grew by 101.2% YoY during the quarter. Here is our analysis of the results.
Performance summary
- Net sales growth was 42.2% YoY during the quarter.
- Operating profit grew by 27.2% YoY due to operating expenses growing at a pace higher than the growth in revenues. As a result, EBITDA margin fell to 9.1% from 10.1% in the earlier period.
- Profit after tax grew by 101.2% YoY during the quarter on account of a low base due to significantly higher exceptional expenses in the previous year's quarter.
Financial performance snapshot (Rs m) 1QFY17 1QFY18 Change Net sales 28,272 40,213 42.2% Expenditure 25,402 36,564 43.9% Operating profit (EBDITA) 2,869 3,649 27.2% EBDITA margin (%) 10.1% 9.1% Other income 134 283 110.7% Interest 88 108 22.4% Depreciation & amortisation 263 295 12.2% Exceptional items -969 -103 Profit before tax 1,683 3,426 103.5% Tax 468 1,038 121.6% Profit after tax 1,215 2,388 96.6% Share of associates -6 -8 Minority interest 0 -53 Profit after share of associates and minority 1,209 2,432 101.2% Net profit margin (%) 4.3% 5.9% No. of shares (m) 887.8 Reported earnings per share (Rs)* 9.4 P/E (x)* 64.5 (*trailing twelve months)
Segment wise break up 1QFY17 1QFY18 Change Watches Revenue (Rs m) 4,997 5,118 2.4% % of total revenues 17.6% 12.7% EBIT margin 0.8% 7.8% Jewellery Revenue (Rs m) 21,506 33,522 55.9% % of total revenues 75.9% 83.3% EBIT margin 9.5% 9.6% Eyewear Revenue (Rs m) 1,105 1,107 0.2% % of total revenues 3.9% 2.7% EBIT margin 2.7% 2.9% Others Revenue (Rs m) 714 510 -28.6% % of total revenues 2.5% 1.3% EBIT margin -11.7% -19.0% Total* 28,322 40,257 * Excluding unallocated items
| DISCLOSURES UNDER SEBI (RESEARCH ANALYSTS) REGULATIONS, 2014
|
|
INTRODUCTION:
Equitymaster Agora Research Private Limited (hereinafter referred to as "Equitymaster"/"Company") was incorporated on October 25, 2007. Equitymaster is a joint venture between Quantum Information Services Private Limited (QIS) and Agora group. Equitymaster is a SEBI registered Research Analyst under the SEBI (Research Analysts) Regulations, 2014 with registration number INH000000537. BUSINESS ACTIVITY: An independent research initiative, Equitymaster is committed to providing honest and unbiased views, opinions and recommendations on various investment opportunities across asset classes. DISCIPLINARY HISTORY: There are no outstanding litigations against the Company, it subsidiaries and its Directors. GENERAL TERMS AND CONDITIONS FOR RESEARCH REPORT: For the terms and conditions for research reports click here. DETAILS OF ASSOCIATES: Details of Associates are available here. DISCLOSURE WITH REGARDS TO OWNERSHIP AND MATERIAL CONFLICTS OF INTEREST:
If you have any feedback or query or wish to report a matter, please do not hesitate to write to us. |
OUR TOP 5 IDEAS
- Free Report: Multibagger Stock Ideas 2021
- Are You Making One of These 15 Costly Mistakes While Investing. Learn more!
- Covid-19 Proof Multibagger Stocks - Download this FREE Report Now
- Free Report: The Secret to Increasing Your Trading Profits Daily!
- No Guessing, No Hunches, and No Missed Trends Ever! Join Us on YouTube Now.
TITAN SHARE PRICE
Jun 22, 2021 (Close)
TRACK TITAN
- Track your investment in TITAN with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
- Add To MyStocks
MORE ON TITAN
TITAN 5-YR ANALYSIS
COMPARE TITAN WITH
MARKET STATS
ABOUT EQUITYMASTER
Since 1996, Equitymaster has been the source for honest and credible opinions on investing in India. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day. Here's why hundreds of thousands of readers spread across more than 70 countries Trust Equitymaster.
FREE NEWSLETTERS
PREMIUM PRODUCTS
QUICK LINKS
POPULAR TOPICS
FOLLOW
APP
Copyright © Equitymaster Agora Research Private Limited.
Whitelist | Refer | Terms | Privacy | Contact | About | Sitemap
Equitymaster Agora Research Private Limited (Research Analyst) 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407
All rights reserved. Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.
LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.
SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.