Perspective on 2QFY22 results flash on Titan by Mr. Krishnan Sambhamoorthy, Motilal Oswal Financial Services
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Below are Perspective on 2QFY22 results flash on Titan by Mr. Krishnan Sambhamoorthy, Senior VP, Research - Consumer, Motilal Oswal Financial Services
Second highest operating margin since 2QFY06 leads to EBITDA beat
Consolidated performance
* Revenue grew 64.6% YoY to INR74.9b (in line). Revenue growth excluding bullion sales was 78% YoY.
* EBITDA grew 209% YoY to INR9.7b (est. INR8b).
* PBT grew 298% YoY to INR8.7b (est. INR7.1b).
* Recurring PAT grew 268% YoY to INR6.4b (est. INR5.3b).
Titan continues to remain the Top No.1 Discretionary Consumption Idea.
Above views are of the author and not of the website kindly read disclaimer
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