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Titan Q1 result is scheduled to be released today, on August 2. Besides keeping an eye on Titan’s share price, investors will also watch the Q1 results of other companies such as Britannia, UPL, IDFC, Hindustan Zinc, LIC Housing Finance, Zydus Wellness, Delhivery, and more.
Today, investors will be keeping a close eye on Titan’s share price as the company reveals its Q1 results. Similarly, market participants will also be tracking the performance of UPL, IDFC, Hindustan Zinc, LIC Housing Finance, Zydus Wellness, Delhivery, and Britannia share prices as these companies announce their Q1 earnings today.
Titan Company Limited is projected to have a subdued first quarter due to fewer wedding days, higher gold prices, and growing competition from regional players. Analysts predict a 6% year-on-year increase in Titan's Q1 net sales for April - June 2024, with net profit expected to dip slightly by 1%.
In the previous March quarter, Titan saw a 7% year-on-year rise in standalone net profit, reaching ₹786 crore, and a 17% YoY growth in net sales to ₹10,047 crore for the January-March 2024 period.
Britannia Industries is anticipated to experience higher volume growth compared to its competitors, thanks to recent price reductions. The company is projected to achieve a 4% increase in revenue, amounting to ₹4,178 crore, with net profit expected to rise to ₹517 crore from ₹458 crore in the same quarter last year.
Despite this, experts warn that the intense summer may negatively affect consumption volumes. Analysts will be keeping a close eye on demand patterns in metropolitan areas, rural regions, and tier-3 towns, as well as monitoring raw material prices and their impact on EBITDA margins.
Here is a list of other major companies scheduled to release their Q1 results today.
Whether you're an investor tracking earnings or simply curious about corporate performance, stay in the loop with updates from the Indian companies set to release their quarterly results today.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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