ITC, Titan, Lupin, Emami, Godrej Properties, Adani Transmission among key Q3 earnings to watch today

3 Feb 2022 , 10:37 AM

ITC and Titan will be in focus today ahead of their financial performance announcement for the quarter ending December 2021 (Q3FY22). Companies like Lupin, Aditya Birla Capital, Adani Power, Adani Transmission, Barbeque-Nation Hospitality, Cadila Healthcare, Emami, GAIL (India) and Godrej Properties were also among key earnings lined up today.

In Q3FY22, ITC is seen to post 8% growth in cigarette volumes, while FMCG business could clock double-digit growth in sales. ITC is seen among the few FMCG companies which could post-expansion in gross margin and healthy growth in EBITDA. Hotels business is expected to continue recovery momentum in the Q3, as the third wave as an outcome of Omicron variant took place from December mid. Demand trends, management commentary and outlook on margins are key highlights in the earnings.

Tata Group’s gems and jewellery company, Titan is set for blockbuster earnings in the Q3FY22. The financial performance will be robust and driven by the jewellery business which benefited from a higher number of walk-ins and conversions during the quarter. Also, ticket sizes in the sector have remained 15% higher as compared to pre-COVID levels reflecting the inherent force of this momentum.

Last month, Titan posted its provisional performance for Q3. Titan witnessed strong demand across its consumer businesses and clocked 36% growth in revenue during Q3FY22 over the festive quarter last year. As of December 2021, the company has total stores of 1,935 with net additions of 89. The jewellery segment recorded a 37% growth in Q3FY22 compared to the same quarter last year. The watches and wearables segment posted a growth of 28% in Q3FY22 over last year quarter. The eyewear registered a growth of 27% in Q3FY22 compared to Q3FY21. The other businesses category garnered a growth of 44% in Q3FY22 over Q3FY21.

Other companies to announce their Q3 today as well are – Aavas Financiers, Brigade Enterprises, Coromandel International, Dishman Carbogen Amcis, HCC, HG Infra Engineering, India Pesticides, JK Tyre & Industries, Jubilant Industries, Kalyan Jewellers India, Lux Industries, NESCO, Pfizer, PI Industries, Prince Pipes and Fittings, Radico Khaitan, Rolex Rings, Sigachi Industries, SIS, Sumitomo Chemical India, Torrent Power, Varun Beverages, Welspun India, and Westlife Development.

These companies stock will be in focus on stock exchanges today following their financial results.

Indian markets halted their winning spree as the excitement of the Budget 2022 settled in and focus further shifted to corporate earnings. Benchmarks Sensex and Nifty 50 took a breather from their two-week highs, however, the quantum of the downside was at a slower pace.