Thus, when the company announced results on Friday, the spotlight was on jewellery margin. Jewellery is Titan’s mainstay business with revenue of ₹8,575 crore in Q2 excluding bullion sales, which formed around 85% of the company’s standalone revenues. Fortunately for investors, jewellery Ebit margin adjusting for bullion sales came in better-than-expectations at 14.1%. True, it is lower than the 15.3% margin seen in Q2 FY23, but remember the company had seen certain one-off gains last year that were not sustainable.
Diese Geschichte stammt aus der November 07, 2023-Ausgabe von Mint Mumbai.
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Diese Geschichte stammt aus der November 07, 2023-Ausgabe von Mint Mumbai.
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