Titan sees good business in fourth quarter of FY17

Recovery in consumer sentiment key reason for sales improvement, it says, ahead of results

Viveat Susan Pinto  |  Mumbai 

In a quarterly update on Tuesday, watch and jewellery major Titan said the demand scenario in the March quarter for the firm had improved and sales across its divisions had been good, pointing to a strong earnings period ahead of its Q4 results.  The Bengaluru-based major, whose FY16 net sales were Rs 11,277.9 crore, derives 75-80 per cent of its revenues from branded jewellery and the rest from largely watches, eyewear and accessories. It is yet to disclose the date of announcing its Q4 earnings to the stock exchanges. “Cost control, along with strong growth in ...

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Titan sees good business in fourth quarter of FY17

Recovery in consumer sentiment key reason for sales improvement, it says, ahead of results

In a quarterly update shared on Tuesday, watch and jewellery major Titan says the demand scenario for its products had improved in the March quarter.Sales across its divisions have been good, pointing to a strong earnings period, it said, ahead of its quarterly results announcement. The Bengaluru-based entity's FY16 net sales were Rs 11,278 crore. It derives 75-80 per cent of revenue from branded jewellery and the rest largely from watches, eyewear and accessories. It is yet to disclose its March quarter earnings announcement date."Control on costs, along with strong growth in top line (revenue) and gross margins will enable the company to show a very good growth in bottom line (profit) for the quarter and consequently for the year," said S Subramaniam, chief financial officer. "The second half of the (financial) year exceeded expectations on all counts, despite a serious regulatory impact in the form of demonetisation. The year also saw significant landmarks for the company."For ... In a quarterly update on Tuesday, watch and jewellery major Titan said the demand scenario in the March quarter for the firm had improved and sales across its divisions had been good, pointing to a strong earnings period ahead of its Q4 results.  The Bengaluru-based major, whose FY16 net sales were Rs 11,277.9 crore, derives 75-80 per cent of its revenues from branded jewellery and the rest from largely watches, eyewear and accessories. It is yet to disclose the date of announcing its Q4 earnings to the stock exchanges. “Cost control, along with strong growth in ... image
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