Titan Industries - Q4 FY13 Result First Cut - Microsec

Titan Industries Net Sales increased by 15% YOY to INR2613 crore YOY and its EBITDA increased by 28% YOY to INR267 crore. EBITDA Margin of the company increased from 9.1% to 10.2% YOY. PAT of the company increased by 28% YOY to INR185 crore. PAT of the company was above Estimates. Jewellery segment registered a growth of 16.3% YOY to INR2093 which was below the estimated growth of 20%. Watch Segment Sales grew by 1.4% against the expectation of 9-10% growth.

FY13 Annual Result

In FY13, the company's Net Sales increased by 14% YOY to INR10113 crore YOY and it's EBITDA increased by 21% YOY to INR1011 crore. EBITDA Margin of the company increased from 9.4% to 10.0% YOY. PAT increased by 21% YOY to INR725 crore. At the CMP of INR270, the stock discounts its FY13 EPS of INR8.17 by 33x.

Source : Equity Bulls

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