Titan’s Q4 profit up 4.4% at Rs 296 crore; key figures in nutshell

By: |
Published: May 8, 2019 7:12:42 PM

The Tata Group company Titan Company Ltd posted a standalone net profit of Rs 296.4 crore for the fourth quarter of 2018-19, up 4.4 per cent from the same period of corresponding year. Last year, the company posted a net profit of Rs 282.1 crore during the same quarter.

Titan Company, Titan Stock, टाइटन कंपनी, Titan Stock Performance, Rakesh Jhunjhunwala, राकेश झुनझुनवाला, शेयर बाजार, स्टॉक मार्केट, Invest In Titan Company, Crorepati StockTitan Company posts 4.4% year-on-year growth in net profit at Rs 296.4 crore for Jan-Mar of FY 19

The Tata Group company Titan Company Ltd posted a standalone net profit of Rs 296.4 crore for the fourth quarter of 2018-19, up 4.4 per cent from the same period of corresponding year. Last year, the company posted a net profit of Rs 282.1 crore during the same quarter.

The jewellery division of Titan reported strong revenue growth of 21 percent. The earnings before interest and taxes or EBIT margin of Q4 stood at 12.8 percent, while for the whole year stood at 12.2 percent, an year-on-year growth of 30 basis points.

In the March quarter, the profit for the company may grow in the range of 19 to 37 per cent and revenue is likely to surge by 15 to 23 per cent supported by jewellery as well as the watch and eyewear segments.

 

Also read: Where is share market headed in May amid Lok Sabha elections? Investors pin hope on Modi win

 

In watches segment, Titan reported a modest growth of 7 percent for Jan-Mar, unlike the first three quarters when it had reported robust revenue growth. The EBIT margin was at 5.5 percent on account of lower gross margin owing to product and channel mix and Ex gratia provisions made in the last quarter of FY 19 for employees.

In eyewear division, it registered a strong revenue growth of 20 percent on the back of  network expansion and beginning of frames distribution in this financial year. The division catered to 3.5 million customers during the last fiscal.

Meanwhile, in the third quarter, the company had registered a rise of 35 per cent to Rs 416 crore, beating the street estimates. The sales for the quarter jumped to Rs 5,632 crore as against Rs 4,174 crore in the same quarter last year.

Today, on BSE, the shares of Titan Company Ltd ended marginally higher by 0.23 percent  at Rs 1,088.35 per share from the last close.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Next Stories
1Starbucks launches ‘dragon drink’: Game of Thrones gaffe spins off into new beverage
2Facebook shifts gears on WhatsApp payments, picks London for global expansion
3AMUL disses consumer slowdown, says its customer base secure; MD Sodhi shares success formula