Whalesbook
Toh bhai hua yeh ki Prime Minister Narendra Modi ne recently logon se kaha hai ki gold ki non-essential kharidari thoda delay kar dein. Yeh ek step hai jisse country ka import bill kam ho sake, specially jab crude oil prices badh rahi hain aur global tensions bhi alag chal rahi hain.
Ab company ke CFO, Ashok Sonthalia, kya keh rahe hain? Woh maante hain ki demand mein 3 se 6 mahine tak slowdown aa sakta hai, but yeh time frame company ke liye chhota hai. Unke liye badi baat yeh hai ki woh kam profit wale gold coins ki sale kam karke, apne high-margin jewellery business par zyada focus kar rahe hain. Isse company ka EBITDA margin improve hone ki ummeed hai.
Stock market mein kya hua? Jab yeh announcement 11 May ko hui, tab Titan ke saath-saath doosre jewellery stocks bhi 10% tak gir gaye! Agle din, 12 May ko bhi share price lagbhag 2% neeche dikha, yaani lagatar do din se kami aa rahi hai. Gold coins, jo Titan ki overall sales ka ek chhota hissa (low double-digit percentage) hain, unki growth pichle quarter mein kaafi achhi thi.
Lekin bhai, yeh mat bhoolo ki potential problem se pehle bhi Titan ne March quarter mein dhamaal machaya tha! Unka consolidated net profit 35% year-on-year badh kar ₹1,179 crore ho gaya. Total income bhi 46% surge hui, jo ₹20,300 crore ke aas-paas rahi. Yeh zabardast growth primarily unke jewellery business ki wajah se aayi, jo 50% year-on-year upar gaya.
Aur yeh bhi jaano ki government ki gold import kam karne ki koshishon ko support karne aur badhti gold prices ko manage karne ke liye, Titan kuch smart strategies adopt kar raha hai. Jaise ki, woh apna gold exchange program extend kar rahe hain, halki jewellery offer kar rahe hain, gold saving schemes promote kar rahe hain, aur Tanishq brand ke tahat naye gemstone jewellery lines bhi launch kar rahe hain. India gold imports par kaafi depend karta hai, isliye yeh measures country ke current account deficit aur currency stability ke liye bohot critical hain.