Titan‘s share price was deep in the red on Monday morning ahead of the company’s earnings for the quarter ended September scheduled to be released on Tuesday. The company’s consolidated revenue is expected to jump around 16% year–on-year to ₹14,511 crore with a net profit of ₹1,102 crore.

What To Expect: Motilal Oswal expects Titan's standalone revenue growth to reach 20% year on year (excluding bullion) for Q2FY25, with a same-store sales growth (SSSG) of 14%. The brokerage expects the jewellery EBIT margin to stay nearly stable at 13.8% compared to 14.1% in Q2FY24.

Healthy growth is anticipated in the watches and other segments, while eye care may experience muted growth. The analysts estimate an inventory loss of ₹300 crore-350 crore due to the custom duty cut but have not factored this impact into their figures.

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Centrum Broking estimates Titan's revenue growth at 25.9%, driven by a 26% increase in jewellery sales supported by buyer interest in gold, 19% growth in watches due to the Helios and international portfolio and 6% growth in eyewear. They expect EBITDA to rise 31.9%, with margins at 11.8% and earnings per share to grow 30.2%.

Phillip Capital projects a consolidated sales growth of 25% YoY, led by strong gains across segments: 26% in jewellery, 28% in Caratlane, 20% in watches, 6% in eyewear, and 14% in emerging business. They forecast consolidated EBIT margins of 13% for jewellery, 11% for watches, and 10% for eyewear, resulting in a total EBIT margin of 11%.

Price Action: Titan’s share price was down 2.57% to trade at ₹3,209 in early trade on Monday.

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Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.