Titan Co. loses lustre in Q1FY21; investors eye speed of recovery hereon

Titan Co. Ltds stock was trading more than 4% lower on NSE in early deals on Tuesday. This follows the companys lacklustre June quarter results declared post market hours on Monday.As such, covid-19led disruptions had kept expectations muted to begin with. Even so, Titans standalone net loss of Rs270 crore is higher than the loss of nearly Rs153 crore that a Bloomberg poll of analysts had estimated.
During the quarter, total operating revenues declined by 62% year-on-year to Rs1,862 crore. This…

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