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There could be near-term margin pressures for lifestyle accessories major Titan Company. Even as the company maintains its growth outlook over the medium term, it has revised its margin guidance for the jewellery segment downwards. The company has adjusted its medium-term margin guidance to 12 per cent from the previous range of 12-13 per cent.
The company, which closed 202324 (FY24) with a margin of 10.6 per cent, has indicated near-term pressure on margins due to the rise in competitive intensity and an increase in gold prices.
In addition to these factors, profitability in its core jewellery business will be affected by Source: BSE investments required for expansion, coupled with demand volatility and changes in the product mix.
Prabhudas Lilladher Research has lowered its earnings per share estimates for 2024-25 (FY25) and 2025-26 by 12.5 per cent and 9.9 per cent, respectively, due to the revised segment margin guidance.
هذه القصة مأخوذة من طبعة June 04, 2024 من Business Standard.
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هذه القصة مأخوذة من طبعة June 04, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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