Titan Q2 misses estimates, profit rises 1.8% on weak jewellery biz

Titan Company reported a muted set of numbers for the quarter ended September 2019. Profit grew 1.8 percent at Rs 320.2 crore on the back of subdued growth in the jewellery business which contributes 80 percent to revenue. Profit in September quarter 2018 stood at Rs 314.4 crore. Revenue during the quarter grew by 0.6 percent year-on-year to … Read more Titan Q2 misses estimates, profit rises 1.8% on weak jewellery biz

GST, weak demand, falling exports continue to hound branded apparel makers

Branded apparel manufacturers and retailers are yet to overcome the implications of the goods and services tax (GST) rollout in July. The tax reform had directly impacted the entire textile chain due to cascading burden. And post GST, poor consumer sentiment and falling exports have only made matters worse for the business. The September quarter results … Read more GST, weak demand, falling exports continue to hound branded apparel makers