Total income during the quarter under review stood at Rs 3,519 crore. It was Rs 2,020 crore earlier, Titan said in a regulatory filing.
The broader market, however, saw profit booking as, both, the BSE Mid and SmallCap indices declined 1 per cent each.
Analysts expect recovery to be faster relative to FY21 with 90 per cent stores already resuming operations and footfalls being higher than last year
Analysts expect hallmarking, recovery to aid market share gains for the jewellery retailer
The sales were hit only to a small extent until the third week of April, from the rapidly rising second wave of the pandemic, primarily due to the temporary store closures in some important states
We are opening up only those stores - 270 so far - where 100 per cent of our staff has been vaccinated
The stock of Tata Group Company surpassed its previous high of Rs 1,620.95, touched on January 6, 2021
With the past two day's rally, it has recovered 15 per cent from its recent low of Rs 1,401, hit on May 4, in intra-day trade
Havells' stock is currently trading around the support zone of medium-term moving average (100 EMA) on the daily chart and indications are in the favor of a strong surge in near future
Margins were muted primarily due to lower gross margins in both Jewellery and Watch segments basically arising out of higher sale of lower margin products
On a weekly basis, both the frontline indices snapped their 3-week losing streak and added around 2 per cent higher each
Margin pressures, valuations too weigh on the stock
Titan's operating margins contracted 210 basis points in Q4 to 10.9 per cent, as against 13 per cent a year ago
A special resolution to appoint Samit Ghosh as CEO of Ujjivan Financial Services was defeated as it didn't get the requisite share of votes
In the past one month, Titan has outperformed the market by gaining 11 per cent, as against a 1.2 per cent rise in the S&P BSE Sensex
Jewellery stocks: With gold prices bottoming out and demand facing headwinds, analysts expect volatility in the jewellery space to continue. That said, they stay optimistic on Titan & Kalyan Jewellers
Titan Company needs to decisively cross and sustain above Rs 1,500 levels, supported by volume, to attract the interest of market participants
Tata Motors has witnessed a fresh breakout on March 2, after consolidating in a range for a month
In a Q&A, the CEO of Titan's Watches and Wearables Division says the firm is betting big on smartwatches, eyeing 10-15% revenue from the segment the next few years
Country's largest watchmaker Titan has expanded its portfolio within the wearable category by launching its new smart fitness gear brand TraQ