PATDIAM JEWELLERY LTD Q2 RESULTS
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Titan shares tank 8% after reporting a 1% YoY decline in Q1 PAT. Should you invest?
Titan Share Price: Titan's shares dropped by nearly 7.5% following a 1% YoY decline in net profit for Q1 FY25, despite a 9.3% increase in revenue. Brokerages retain optimism, with target prices reaching Rs 4,100. Lower growth in the jewellery sector was offset by improved margins through cost optimization.
![Senco Gold Q4 Results: PAT rises 24% YoY to Rs 32 crore; revenue jumps 40%](https://img.etimg.com/thumb/msid-110387627,width-100,height-75,resizemode-4/markets/stocks/earnings/senco-gold-q4-results-pat-rises-24-yoy-to-rs-32-crore-revenue-jumps-40.jpg)
Senco Gold Q4 Results: PAT rises 24% YoY to Rs 32 crore; revenue jumps 40%
Senco Gold, a listed jewellery company, experienced a significant boost in its net profit during the fourth quarter of FY24, thanks to the surge in gold prices. The net profit increased by 23.6%, reaching Rs 32.17 crore compared to Rs 26.03 crore in the fourth quarter of FY23.
![Kalyan Jewellers Q4 Results: Cons PAT zooms 97% YoY to Rs 137 crore](https://img.etimg.com/thumb/msid-110014746,width-100,height-75,resizemode-4/markets/stocks/earnings/kalyan-jewellers-q4-results-cons-pat-zooms-97-yoy-to-rs-137-crore.jpg)
Kalyan Jewellers Q4 Results: Cons PAT zooms 97% YoY to Rs 137 crore
Jewellery major Kalyan Jewellers recorded a consolidated revenue of Rs 18,548 crore in FY24 as against Rs 14,071 crore in the previous year, a growth of 32%. Consolidated profit after tax (PAT) for FY24 stood at Rs 596 crore, a 36 per cent rise over FY23.
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Q1 and Q2 will see close to double-digit volume growth for Britannia: Abneesh Roy
Abneesh Roy from Nuvama Institutional Equities discusses Britannia's positive growth outlook despite local competition and tech disruption, while also reflecting on challenges faced by Titan in the jewelry segment and eyewear business.
![Q4 results today: Titan, Britannia, Adani Green among 49 companies to announce earnings on Friday](https://img.etimg.com/thumb/msid-109802453,width-100,height-75,resizemode-4/markets/stocks/earnings/q4-results-today-titan-adani-green-among-49-companies-to-announce-earnings-on-friday.jpg)
Q4 results today: Titan, Britannia, Adani Green among 49 companies to announce earnings on Friday
Q4 results today: 49 companies, including Titan and Adani Green, to reveal Q4 results. Titan foresees 18% revenue growth and 13% net profit rise. Watch out for updates from Titan, Britannia, MRF, Tata Tech, and other key players.
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Titan Q4 Results Today: Profit, revenue seen rising in high double-digits
Titan Q4 Results Today: Titan Company poised for strong Q4 performance with high double-digit revenue growth. Jewelry segment expected to lead with significant EBITDA and PAT growth. Various factors impacting EBIT margins across segments, while focus remains on market share and revenue growth.
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World gold demand surges in Q1 2024, hits record high amid central bank buying and OTC investment boom
The World Gold Council's Q1 2024 Gold Demand Trends report reveals a 3% increase in global gold demand to 1,238 tonnes, driven by healthy investment from the OTC market and persistent central bank buying. Gold price hit a record quarterly average of US$2,070/oz. Central banks added 290 tonnes to official holdings, highlighting gold's importance in reserve portfolios.
UAE, Bahrain account for over 85% of India's plain gold jewellry exports in FY24
In FY24, India witnessed a significant surge in plain gold jewellery exports, notably to UAE and Bahrain, comprising over 85% of the total, reaching $6,792.24 million. Total gold jewellery exports rebounded by 46.91% in the latter half of the year after a decline in the first half. Chairman of GJEPC, Vipul Shah, credited this growth to pragmatic foreign trade agreements like the India-UAE CEPA.
Titan Q3 Results: Net profit rises 9% YoY to Rs 1,040 crore, misses estimates
Titan reported a 9% YoY growth in standalone net profit at Rs 1,040 crore in Q3. Revenue from operations increased by 20% YoY to Rs 13,052 crore. EBIT for the quarter grew 11% YoY to Rs 1,478 crore. EBIT margins declined 116 basis points to 11.3%. Total income from the jewellery business rose 23% to Rs 11,709 crore.
Titan Q3 results today: What to expect, key things to track for investors
Titan Ltd is expected to report strong Q3 results with significant growth in consolidated revenues and net profit. However, higher raw material prices may lead to a decline in gross and EBITDA margins. The Jewellery segment is likely to have a strong quarter, with notable growth in gold and coins sales. The Watches & Wearables segment is expected to show growth, while the Eyecare segment may have a muted quarter. Titan also added 90 new stores during the quarter, expanding its total presence to 2,949 stores.
Q3 results today: Adani Enterprises, Adani Ports, Titan among 86 companies to announce earnings
The Street has an action-packed day on Thursday with the release of Union Budget 2024 and earnings announcements from 86 BSE listed companies for the December quarter. Notable companies to watch among the Nifty companies are Adani Enterprises, Adani Ports & Special Economic Zone, and Titan Company. Other important results include Abbott India, Aether, Bata India, Castrol India, Deepak Fertilizers and Petrochemicals Corporation, GMM PFaudler, India Cements, Jyothy Labs, Jupiter Wagons, Dr Lal Pathlabs, Minda Corp, MPhasis, RITES, Texmaco Rail & Engineering, Thyrocare.
Titan Q3 Preview: Profit may rise up to 27% YoY; strong revenue growth eyed
Titan's Q3 revenues are expected to rise 25% YoY, mainly driven by yet another strong quarter for the jewellery business. Net profit for the same period is seen growing up to 27% YoY. Q3 will likely be the fourth consecutive quarter of 20% growth in revenue.
India’s gold consumption in 2023 dropped by 3%: WGC
Demand for gold jewellery in 2023 dropped by 6% to 562.3 tonnes compared with 2022, WGC data released on Wednesday showed. The year, however, saw an improvement in gold investment demand, which increased by 7% to 185.2 tonnes, as consumers saw an investment opportunity in the uptrend in prices.
Kalyan Jewellers Q2 Results: Consolidated PAT up 27.33% at Rs 134.87 crore
Revenue from operations of the company grew by 27.11 per cent during the quarter under review at Rs 4,414.53 crore, compared to Rs 3,472.91 crores in the same period of the previous fiscal.
Titan Q2 earnings garner positive views from brokerages; CLSA, HSBC recommend buy
Titan Company on Friday reported a nearly 10% year-on-year (YoY) rise in net profit for the quarter ended September 2023 to Rs 940 crore. This was way higher than an ETNow poll of Rs 860 crore. Revenue from operations grew by 34% YoY to Rs 11,660 crore and was also above the estimated Rs 10,375 crore.
187 companies to release Q2 results on Friday. What to expect from IndiGo, Titan and Zomato
Despite a lower passenger load factor, IndiGo managed to maintain its market share in the quarter. PLF for IndiGo remained muted for the second consecutive month at 83.6%. But IndiGo being able to maintain domestic market share despite lower PLFs indicates better aircraft/pilot availability with it versus other airlines, brokerage ICICI Securities said.
Titan Q2 Results: PAT rises 10% YoY to Rs 940 crore, beats estimates
Revenue from operations grew by 34% YoY to Rs 11,660 crore, and was also above the estimated Rs 10,375 crore. The operating profit, calculated as earnings before interest and taxes or EBIT, rose 13% YoY to Rs 1,367 crore. EBIT margin, however, contracted by 87 basis points to 13.6%.
Senco Gold Q1 Results: Profit soars 23% YoY to Rs 27.6 cr; revenue rises 30%
On a sequential basis, profit after tax rose 6% from Rs 26 crore clocked in the preceding March quarter. Revenue from operations increased 60% quarter-on-quarter.
Kalyan Jewellers Q1 Results: Profit surges on seasonal demand
The Reserve Bank of India's decision to withdraw 2,000-rupee notes also helped jewellers charge a premium for the yellow metal during most of the reported quarter.
Should investors eye Titan or fastrack profit booking post Q1 earnings?
Tata Group's fashion and lifestyle products retailer Titan reported its standalone profit after tax at Rs 777 crore for the quarter ended June 2023. Its quarterly revenue jumped 19% YoY to Rs 10,306 crore. Both figures were below the Street estimate. During the quarter, the company's margin fell 239 bps to 9.9%.
Titan Q1 Results: Profit drops 2% YoY to Rs 777 crore; revenue rises 19%
Both figures were below the Street estimate. During the quarter, the company's margin reduced 239 bps to 9.9%. Buyer growth was 14% and the average ticket sizes moved up by 6% compared to that in Q1FY23
Titan on course for FY24 as well as FY27 plans: MD
Titan MD CK Venkatraman stated that FY23 was exceptional in terms of sales growth, profit margin expansion, market share gain, and customer experience standards, and they are on course for their FY24 and FY27 targets. Despite the volatility in gold prices and demand slowdown earlier this year, Venkatraman believes that one fortnight's impact shouldn't worry investors.
Should you buy, sell or hold Titan shares after better-than-estimated Q4 results?
Titan reported higher-than-estimated Q4FY23 earnings with a standalone net profit of Rs 734 crore, up 50% YoY, and a 33% YoY surge in revenue to Rs 9,704 crore. The future outlook for the company remains mixed, with Phillip Capital maintaining a 'Buy' citing the company's long-term drivers remaining intact, whereas Emkay prefers to remain conservative and hold due to weak macros.
Titan Q4 Results: Profit surges 50% YoY to Rs 734 crore; revenue jumps 33%
The Board has recommended a dividend of Rs 10.00 per equity share. Segment-wise, the total income of the jewellery business increased 24% to Rs 7,576 crore in the January-March period and the India business grew 21% during the same period.
Titan Q4 Update: Sales rise 25% YoY on broad-based growth across segments
The company said it is making healthy progress in retail store expansion both domestically and overseas. It had 2,710 stores at the end of the fourth quarter. The jewellery division clocked 23% YoY growth.
Four banks send loan recall notices to PC Jeweller
Informing that the company's legal matters with SBI are in process, it said in a regulatory filing, "We submit that the four other banks of the Consortium, namely IDBI Bank, Indian Bank, Bank of India as well as Karur Vysya Bank have also issued their loan recall notices to the company."
Titan Q2 Results: Profit rises 34% YoY to Rs 857 crore; firm optimistic on growth for rest of FY23
The jewellery business, excluding bullion, saw an 18% YoY growth in revenue to Rs 7,203 crore. Watches and wearables business revenue increased 21% on year to Rs 829 crore. The eye care business reported a 4% growth in revenue to Rs 167 crore.
Q2 results this week: ACC, RIL, Asian Paints, Network18, Axis Bank and more
ACC, Can Fin Homes, Heidelberg Cement, Indowind Energy, Jindal Drilling & Industries, Bank of Maharashtra, Maharashtra Seamless, Oriental Hotels, Pioneer Distilleries, PVR, RPG Life Sciences, Tanfac Industries, Tata Coffee, Tata Metaliks, Thangamayil Jewellery, Elixir Capital, Spandana Sphoorty, Craftsman Automation and Choice International, among others.
Titan expects growth run of Q1 to continue for rest of the year: MD
“We are equally confident about the rest of the year and in fact the next few years going forward because of fundamental aspects of the Indian economy and the relentless surge that we will see towards becoming a more affluent nation. Also, the pooja season is coming into Q2 this year as opposed to being in October last year. So we expect the growth run of Q1 to continue.”
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