Titan Company Limited Q2FY20 Result Update
About the Company:
Since its initiation in 1942, India’ largest and Asia’s third largest paint manufacturer company has come a long way handling a turnover Rs. 168.43 billion. The company operates in 16 countries and has 27 paint manufacturing facilities in the world. The company manufactures a wide range of paints for decorative and industrial use.
QoQ & YoY Performance:
India’s leading jewellery manufacturer Company has declared the results for the first quarter of financial year June 2019.
- QoQ Performance: Consolidated Net sales/ revenue of the company landed to Rs. 460,071 crores, dropped by 9.70% in Sept quarter. Total expenditure (excluding interest and depreciation expenses) are Rs. 413,929 crores, have seen a fall of 9.58%. EBITDA numbers down by 12.13%.
- YoY Performance: The Company has reported 1.74% rise in sales/revenue while expenditure (excluding interest and depreciation expenses) of the company is increased by 1.00%. EBITDA numbers increased to 11.52%.
- Profitability of the company: Net profits (Consolidated) of the company landed to Rs. 31,165 crores, declined by 14.32% QoQ and marginally up by 3.50% YoY.
As per Lokesh Sethia, SEBI Registered, the stock was closed at Rs.1283.80 per share. Even the consumption story of India is not good but the company is managed to provide firm numbers. So we recommend it to “BUY” target will be Rs. 1390 per share for medium to long-Term view.