Titan jumps 5% after reporting robust Q2FY19 numbers

Shares of Titan Company rose 5% on the NSE as its revenue in Q2FY19 grew 27.5% yoy and 2.6% qoq to Rs4,567cr. The company’s adjusted net profit in the quarter stood at Rs306cr, up 7.8% yoy but down 7.7% qoq. EBITDA came in at Rs469cr, up 11.2% yoy but down 2.9% qoq. The EBITDA margin contracted 151bps yoy and 53bps qoq to 10.3%.

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