Q1 Result dates:
TCS- 8 july
Infy- 14 july
Hdfcbank- 17july
Hdfclife- 19 July
Bajfinance- 20July
Bajajfinsv- 21 July
Bajajauto- 22 July
Mphasis- 22July
JSWSTEEL- 23July
Icicibank- 24 July
Axisbank- 26 July
RBL - 26July
Drreddy - 27 July
TCS- 8 july
Infy- 14 july
Hdfcbank- 17july
Hdfclife- 19 July
Bajfinance- 20July
Bajajfinsv- 21 July
Bajajauto- 22 July
Mphasis- 22July
JSWSTEEL- 23July
Icicibank- 24 July
Axisbank- 26 July
RBL - 26July
Drreddy - 27 July
Sobha Developer reported New Sales value of Rs 570.9cr in Q1FY22 Vs YoY Rs 393.1cr up 45.2% QoQ Rs. 874.2cr down -34.7%. New sales is down by 13.6% as compared to Rs.660.6cr sales in Q1FY20. *Positive*
*NCL Industries:* Cement Sales volume up 44% in Q1FY22 to 0.698 MnT YoY vs 0.484 MnT but marginally down QoQ vs 0.702 Mnt. Positive
Karix Mobile, a wholly-owned subsidiary of Tanla Platforms Limited, today announced the deployment of a
conversational solution for Panasonic India Limited using the WhatsApp Business Solution Platform. The solution will facilitate one-to-one conversations between Panasonic’s customers and the brand. positive
conversational solution for Panasonic India Limited using the WhatsApp Business Solution Platform. The solution will facilitate one-to-one conversations between Panasonic’s customers and the brand. positive
*Titan – Q4FY21 Business Update – Neutral*
Titan Sales in Q1FY22 increased by 117%yoy on lower base. As compared to Q4 FY21 sales declined by -61% and as compared to Q1FY20 it has declined by -43%.
The Company entered the quarter with a good sales momentum however most stores were shut during May.
The sales recovery is gradually improving across the businesses, along with the increase in the store operational days. This year, Watches & Wearables and Eyewear segments have also witnessed rapid recovery in walk-ins with the re-opening of stores, which was seen in only Jewellery division last year. *The Company recorded revenue growth of ~117% (excluding bullion sales) in Q1’22, with revenue contribution of approx. 50%, 10% and 40% coming from April, May and June months respectively.*
*Jewellery*
The division grew by ~107% (excluding bullion sales), compared to last year, primarily due to zero sales in April of last year. Most of the sales of May month was lost in both the years.
The division is gaining good traction in new customers and its mix in total buyers has reached the pre-pandemic levels.
* 90%+ of stores are now open*
The government has started the phased implementation of mandatory hallmarking of gold jewellery with effect from June 16, 2021
Network expansion plans got delayed due to the lockdowns. The division added 5 Tanishq stores on a net basis in the quarter
*Watches & Wearables*
The division grew by ~280% over Q1'21 as sales were nil in April month of last year and moreover *the recovery this year has been faster than that witnessed last year.*
Recovery in higher ticket products is much better compared to the recovery in lower priced products.
Sales were strong in the E-commerce channel especially in the second half of April and May.
In Q1, the division closed 2 stores of WOT & Fastrack each and opened 3 Helios stores, on a net basis
*Eye Wear*
The division grew by ~117% over Q1’21 as sales were nil in April month of last year and also on back of rapid recovery in walk-ins in May and June months, compared to last year.
During the quarter, the division added 6 stores on a net basis
*Other Businesses*
*_Taneira_* stores were operational for about 30% of the total store days, in the quarter gone by.
*_Fragrances & Accessories business_* in Q1 had a slow recovery, however grew by 3 times over the last year.
Being highly discretionary, all categories got impacted due to low opportunities to step out of home for work, social gatherings or for attending schools & colleges. Fragrances recovery was relatively much better.
*Titan Engineering and Automation Limited (100% owned)*
TEAL had a revenue decline of 15% in Q1.
*Caratlane (72.3% owned)*
CaratLane grew by ~274% over Q1’21. Total store operational days were 41% for the quarter.
CaratLane opened 4 new stores during the quarter taking the total store count to 121.
Titan Sales in Q1FY22 increased by 117%yoy on lower base. As compared to Q4 FY21 sales declined by -61% and as compared to Q1FY20 it has declined by -43%.
The Company entered the quarter with a good sales momentum however most stores were shut during May.
The sales recovery is gradually improving across the businesses, along with the increase in the store operational days. This year, Watches & Wearables and Eyewear segments have also witnessed rapid recovery in walk-ins with the re-opening of stores, which was seen in only Jewellery division last year. *The Company recorded revenue growth of ~117% (excluding bullion sales) in Q1’22, with revenue contribution of approx. 50%, 10% and 40% coming from April, May and June months respectively.*
*Jewellery*
The division grew by ~107% (excluding bullion sales), compared to last year, primarily due to zero sales in April of last year. Most of the sales of May month was lost in both the years.
The division is gaining good traction in new customers and its mix in total buyers has reached the pre-pandemic levels.
* 90%+ of stores are now open*
The government has started the phased implementation of mandatory hallmarking of gold jewellery with effect from June 16, 2021
Network expansion plans got delayed due to the lockdowns. The division added 5 Tanishq stores on a net basis in the quarter
*Watches & Wearables*
The division grew by ~280% over Q1'21 as sales were nil in April month of last year and moreover *the recovery this year has been faster than that witnessed last year.*
Recovery in higher ticket products is much better compared to the recovery in lower priced products.
Sales were strong in the E-commerce channel especially in the second half of April and May.
In Q1, the division closed 2 stores of WOT & Fastrack each and opened 3 Helios stores, on a net basis
*Eye Wear*
The division grew by ~117% over Q1’21 as sales were nil in April month of last year and also on back of rapid recovery in walk-ins in May and June months, compared to last year.
During the quarter, the division added 6 stores on a net basis
*Other Businesses*
*_Taneira_* stores were operational for about 30% of the total store days, in the quarter gone by.
*_Fragrances & Accessories business_* in Q1 had a slow recovery, however grew by 3 times over the last year.
Being highly discretionary, all categories got impacted due to low opportunities to step out of home for work, social gatherings or for attending schools & colleges. Fragrances recovery was relatively much better.
*Titan Engineering and Automation Limited (100% owned)*
TEAL had a revenue decline of 15% in Q1.
*Caratlane (72.3% owned)*
CaratLane grew by ~274% over Q1’21. Total store operational days were 41% for the quarter.
CaratLane opened 4 new stores during the quarter taking the total store count to 121.
World Markets
Dow - 209
Nasdaq + 24
Dax - 151
Nikkei - 245
Hangseng - 301
Sgxnifty - 51 (15781)
Brent Crude 74.58
Dow Fut - 28
Dollar Index 92.53
Dow - 209
Nasdaq + 24
Dax - 151
Nikkei - 245
Hangseng - 301
Sgxnifty - 51 (15781)
Brent Crude 74.58
Dow Fut - 28
Dollar Index 92.53