{"id":128789,"date":"2022-05-04T03:56:29","date_gmt":"2022-05-04T07:56:29","guid":{"rendered":"https:\/\/44.250.171.167\/?p=128789"},"modified":"2022-10-06T03:29:18","modified_gmt":"2022-10-06T07:29:18","slug":"titan-company-ltd-q4-fy22-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/titan-company-ltd-q4-fy22-earnings-conference-call-insights\/","title":{"rendered":"Titan Company Ltd Q4 FY22 Earnings Conference Call Insights"},"content":{"rendered":"<p><span class=\"embed-youtube\" style=\"text-align:center; display: block;\"><iframe loading=\"lazy\" class=\"youtube-player\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/sUcRdyUV6X0?version=3&#038;rel=1&#038;showsearch=0&#038;showinfo=1&#038;iv_load_policy=1&#038;fs=1&#038;hl=en-US&#038;autohide=2&#038;wmode=transparent\" allowfullscreen=\"true\" style=\"border:0;\" sandbox=\"allow-scripts allow-same-origin allow-popups allow-presentation allow-popups-to-escape-sandbox\"><\/iframe><\/span><\/p>\n<p><strong>Key highlights from Titan Company Ltd (<a href=\"https:\/\/44.250.171.167\/symbol\/TITAN\/\">TITAN<\/a>) Q4 FY22 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Abneesh Roy from Edelweiss asked about Fastrack sales dipping 32% in FY22 and the way forward. Suparna Mitra CEO Watches said Fastrack store format is in the process of being reimagined and that\u2019s why no stores were added. In FY23, TITAN has a plan of opening another 10-12 stores at various parts of the country.<\/li>\n<\/ul>\n<ul>\n<li>Abneesh Roy from Edelweiss also asked about Taneira business and how is the model shaping up and if TITAN is more confident now vs. start of year. Ambuj Narayan CEO Taneira said TITAN opened six stores last year and there is a good pipeline of stores coming up. TITAN is also very confident of Taneira and is expecting to do well in the coming year.<\/li>\n<\/ul>\n<ul>\n<li>Abneesh Roy from Edelweiss asked about the driver of Titan EyePlus sales declining 4% in 4Q. Saumen Bhaumik CEO Eyewear said Omicron was certainly a factor for the month of January and in March, while Titan EyePlus channel did sales more or less positive, TITAN also had to deal with store closure and overall for the division TITAN also had to do some channel correction. That&#8217;s why overall figure was muted.<\/li>\n<\/ul>\n<ul>\n<li>Vishal Gutka from PhillipCapital enquired about the contribution of gold exchange program for the quarter. Ajoy Chawla CEO Jewellery replied that it was good, which was 28% versus 27% in the previous year in terms of contribution.<\/li>\n<\/ul>\n<ul>\n<li>Amit Sachdeva of HSBC asked about the drivers of watches margin being weak. C.K Venkataraman MD said that watches have high share of manpower and headcount and that is why they have absorbed high proportion of ex gratia and VRS, which is reflecting in the slightly subdued margins.<\/li>\n<\/ul>\n<ul>\n<li>Amit Sachdeva of HSBC also enquired about the watches\u2019 margin for 4Q and FY22. C.K Venkataraman MD replied that the watches EBIT margin for 4Q would be 6.7% and for FY22 would be 6.9%.<\/li>\n<\/ul>\n<ul>\n<li>Rakesh Jhunjhunwala from Rare Enterprises asked about the reason for losses in watches and eyewears. Ashok Sonthalia CFO said that excluding ex gratia and VRS, watches had INR42 crore of EBIT in 4Q and INR160 crore in FY22. For eyecare, EBIT was INR3 crore for 4Q and INR61 crore for FY22.<\/li>\n<\/ul>\n<ul>\n<li>Kunal Vora from BNP Paribas asked about lab made diamonds in the context of Indian market. C.K Venkataraman MD said subject of sustainability is at a greater level in the western countries, especially in the US. And the Gen Z and the millennial are looking at options and therefore the traction of lab grown diamond jewellery in the U.S. is quite strong. Also in the distant future, Gen Z of India will also start looking for these kinds of things.<\/li>\n<\/ul>\n<ul>\n<li>Jaykumar Doshi from Kotak queried about the ratio of net sales to UCP in FY22. Ashok Sonthalia CFO replied that standalone jewellery was 89-90%. So TITAN didn&#8217;t see any variation on that. It&#8217;s almost at the similar level what it was in the previous year.<\/li>\n<\/ul>\n<ul>\n<li>Jay Gandhi from HDFC Securities asked that in FY22 overall what\u2019s the GOL, exchange and SPOT buying as a percentage of sourcing. Ajoy Chawla CEO Jewellery answered that GOL typically would be around the range of 50-60% in terms of Kgs and SPOT buying will be much, much smaller. The exchange, etc., would work out to about 40%.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Titan Company Ltd (TITAN) Q4 FY22 Earnings Concall Q&amp;A Highlights: Abneesh Roy from Edelweiss asked about Fastrack sales dipping 32% in FY22 and the way forward. Suparna Mitra CEO Watches said Fastrack store format is in the process of being reimagined and that\u2019s why no stores were added. In FY23, TITAN has [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,6351,392],"tags":[9163],"class_list":["post-128789","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-consumer-stocks","category-earnings","tag-consumer-products"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":135707,"url":"https:\/\/alphastreet.com\/india\/titan-company-ltd-q2-fy23-earnings-conference-call-insights\/","url_meta":{"origin":128789,"position":0},"title":"Titan Company Ltd Q2 FY23 Earnings Conference Call Insights","author":"Praveen","date":"November 7, 2022","format":false,"excerpt":"Key highlights from Titan Company Ltd (TITAN) Q2 FY23 Earnings Concall Q&A Highlights: [00:02:41] Abneesh Roy of Nuvama asked about the reason for studded ratios in jewelry being lower vs. pre-COVID levels. Ajoy Chawla CEO Jewellery said that it was due to 2Q20 being slightly abnormal quarter due to gold\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":148453,"url":"https:\/\/alphastreet.com\/india\/titan-company-indias-most-trusted-jewelers\/","url_meta":{"origin":128789,"position":1},"title":"Titan Company &#8211; India&#8217;s most trusted Jewelers","author":"Chirag Gupta","date":"June 5, 2023","format":false,"excerpt":"\"The year gone has witnessed several firsts in the history of Titan. The Jewellery, Watches & Wearables and EyeCare achieved landmark milestones of \u20b930,000 crores, \u20b95,000 crores and \u20b91,000 crores of annual consumer retail sales respectively for the first time in their retail journeys.\u201c\u2013 CK Venkataraman, Managing Director Stock data\u2026","rel":"","context":"In &quot;Analysis&quot;","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/06\/bull-g66d3948d8_640.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/06\/bull-g66d3948d8_640.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/06\/bull-g66d3948d8_640.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":133875,"url":"https:\/\/alphastreet.com\/india\/titan-company-ltd-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":128789,"position":2},"title":"Titan Company Ltd Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"August 5, 2022","format":false,"excerpt":"https:\/\/youtu.be\/GGTQQHNOR7U Key highlights from Titan Company Ltd (TITAN) Q1 FY23 Earnings Concall Q&A Highlights: [00:02:36] Avi Mehta of Macquarie enquired that with the steep custom duty increase in jewelry, and the resultant consumption scenario and competitive landscape changing, if there is any risk in TITAN\u2019s ability to reach 2.3, 2.4\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":128909,"url":"https:\/\/alphastreet.com\/india\/titan-company-ltd-titan-q4-fy22-earnings-concall-transcript\/","url_meta":{"origin":128789,"position":3},"title":"Titan Company Ltd. (TITAN) Q4 FY22 Earnings Concall Transcript","author":"Staff Correspondent","date":"May 5, 2022","format":false,"excerpt":"Titan Company Ltd. (NSE: TITAN) Q4 FY22 Earnings Concall dated May. 03, 2022 Corporate Participants: C.K Venkataraman\u00a0--\u00a0Managing Director Ashok Sonthalia\u00a0--\u00a0Chief Financial Officer Suparna Mitra\u00a0--\u00a0Chief Executive Officer in Watches and Wearables Division Saumen Bhaumik\u00a0--\u00a0Chief Executive Officer of Eyewear\u00a0 Ajoy Chawla\u00a0--\u00a0Chief Executive Officer of Jewellery Analysts: Abneesh Roy\u00a0--\u00a0Edelweiss -- Analyst Vishal Gutka\u00a0--\u00a0PhillipCapital\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"stock earnings conference call transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":166867,"url":"https:\/\/alphastreet.com\/india\/titan-q3-2024-2025-call-highlights-watches-shine-jewellery-holds-and-international-expansion\/","url_meta":{"origin":128789,"position":4},"title":"TITAN Q3 2024-2025 Call Highlights: Watches Shine, Jewellery Holds and International Expansion!","author":"Praveen","date":"February 14, 2025","format":false,"excerpt":"Titan Company Ltd., a leading Indian lifestyle brand, offering high-quality watches, jewelry, eyewear, and accessories, in its Q3 earnings call reported robust performance with jewelry division achieving 22% same-store growth despite gold price volatility, while maintaining the target EBIT margin of 11-11.5%. The company saw strong growth across both premium\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/07\/CC_Image_8.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/07\/CC_Image_8.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/07\/CC_Image_8.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/07\/CC_Image_8.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":128671,"url":"https:\/\/alphastreet.com\/india\/hindustan-unilever-ltd-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":128789,"position":5},"title":"Hindustan Unilever Ltd Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"April 28, 2022","format":false,"excerpt":"https:\/\/youtu.be\/SwNF7m1fYG4 Key highlights from Hindustan Unilever Ltd (HINDUNILVR) Q4 FY22 Earnings Concall Management Update: HINDUNILVR reported that the company crossed the INR50,000 crore turnover mark in FY22. HINDUNILVR said it expects near-term operating environment to remain challenging. 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