Watches and jewellery manufacturer Titan Company 's profit during April-June quarter may increase 21.85 percent year-on-year to Rs 184 crore and revenue 15 percent to Rs 3,111 crore, according to average of estimates of analysts polled by CNBC-TV18. Revenue growth for jewellery segment, which contributes 78 percent to total revenue, is expected to grow at 18-20 percent for the quarter. The
growth may be aided by low base in year-ago period and redemptions from Golden Harvest savings scheme which was absent in Q1FY16. Operating profit (EBITDA - earnings before interest, tax, depreciation and amortisation) in Q1 may increase 27.48 percent to Rs 283 crore and margin may expand 80 basis points to 9 percent on yearly basis due to higher gold prices and better operating leverage. Gold surged 25 percent year-to-date.
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