*Titan Company Ltd.* | *CMP* Rs. 1316 | *M Cap* Rs. 116846 Cr | *52 W H/L* 1390/819
(Nirmal Bang Retail Research)
*Result is in-line with expectations*
Revenue from Operations came at Rs. 4435 Cr (-10.2% QoQ, 0.6% YoY) vs expectation of Rs. 4569.4 Cr, QoQ Rs. 4939.7 Cr, YoY Rs. 4406.8 Cr
EBIDTA came at Rs. 513.2 Cr (-9.2% QoQ, 9.9% YoY) vs expectation of Rs. 512 Cr, QoQ Rs. 565.3 Cr, YoY Rs. 467.1 Cr
EBITDA Margin came at 11.6% vs expectation of 11.2%, QoQ 11.4%, YoY 10.6%
Adj. PAT came at Rs. 320.2 Cr vs expectation of Rs. 362.2 Cr, QoQ Rs. 370.7 Cr, YoY Rs. 314.4 Cr
Quarter EPS is Rs. 3.6
Share is trading at P/E of 65x FY20E EPS