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Published on 28/10/2021 11:32:58 AM | Source: Motilal Oswal Financial Services Ltd

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.

 

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