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Concerns prevail at Titan Ind despite better performance
After disappointing in the December 2011 quarter, Titan Industries reported better-than-expected financial performance in the March quarter, helped by higher gold realisations and better control over expenses. Though the company is best placed in the jewellery retailing space, there are medium-term headwinds that will restrict growth and put pressure on margins. At 29 times FY13 estimated earnings,
After disappointing in the December 2011 quarter, Titan Industries reported better-than-expected financial performance in the March quarter, helped by higher gold realisations and better control over expenses. Though the company is best placed in the jewellery retailing space, there are medium-term headwinds that will restrict growth and put pressure on margins. At 29 times FY13 estimated earnings,
Titan's Q2 profit may dip as high gold prices weigh
Mumbai: Watch and jewellery retailer Titan Industries Ltd's July-Sept net profit is likely to dip despite an increase in revenue as high gold prices hurt demand for jewellery
Mumbai: Watch and jewellery retailer Titan Industries Ltd's July-Sept net profit is likely to dip despite an increase in revenue as high gold prices hurt demand for jewellery
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