49 companies, including Titan and Adani Green, to reveal Q4 results. Titan foresees 18% revenue growth and 13% net profit rise. Watch out for updates from Britannia, MRF, Tata Tech, and other key players.
With the fourth quarter earnings season reaching the fag end, around 49 companies will announce their results for the January-March 2024 period on Friday.Of these, investors will closely watch out for numbers from , , , , and .
Other companies which will also announce their results include Aarti Drugs, Amba Enterprises, First Source Solutions, Go Fashion, HFCL, Inox Green, Inox Wind, JSW Infrastructure, Lloyds Enterprises, Ravindra Energy among others.
Titan Q4 expectations
Consumer discretionary major Titan Company is expected to put up a decent show on the earnings front with both topline and bottomline growing in high double-digits for the three months ended March 2024.
Revenue from operations during the fourth quarter is likely to rise up to 18% year-on-year, while net profit is seen growing 13% year-on-year, according to an average estimate of four brokerages.
The company has already reported 12% growth in its net sales, led by 18% growth in standalone jewellery business and 24% growth in emerging business segment.
"We model 17% year-on-year growth in standalone jewelry sales, partly impacted by a sudden rally in gold prices in March 2024, 14.4% growth in watches division and 2.4% decline in eyewear," said Kotak Equities.
Britannia Q4 expectations
FMCG major Britannia Industries is expected to report a 1.5% decline in its March quarter profit at Rs 551 crore, according to the average estimate of three brokerages.
This comes on the back of price cuts undertaken by the 'Good Day' biscuits maker in the reporting quarter despite a volume uptick.
The average estimates peg revenue growth at 2% year-on-year to Rs 4,069 crore for the said quarter.
Sharekhan, which sees a flat growth in adjusted PAT as against a decline estimated by Axis Securities and HDFC Securities, has put the net profit figure at Rs 558 crore.
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Source: Stocks-Markets-Economic Times