Titan concall was on 29th April
"The tailwind is there with big players as the demand is shifting from small players to big organized players."
Here are the key insights 😃
@dmuthuk @ms89_meet @gvkreddi @datta_arvind
"The tailwind is there with big players as the demand is shifting from small players to big organized players."
Here are the key insights 😃
@dmuthuk @ms89_meet @gvkreddi @datta_arvind
Overview
- Quarter was an fantastic quarter in terms of sales growth. The company out did its plan.
- Company smashed all the targets which were planned.
- Current quarter can be uncertain due to resurgence of covid.
- Sales through Golden harvest has been robust
- Quarter was an fantastic quarter in terms of sales growth. The company out did its plan.
- Company smashed all the targets which were planned.
- Current quarter can be uncertain due to resurgence of covid.
- Sales through Golden harvest has been robust
- Company leveraged the power of digital communication.
- Gross margin growth did not commensurate with the sales growth YoY.
- Sold a lot of gold coins
- The company has Exceptional cash balance
- Growth is led by east then south then north and then west.
- Gross margin growth did not commensurate with the sales growth YoY.
- Sold a lot of gold coins
- The company has Exceptional cash balance
- Growth is led by east then south then north and then west.
- Bihar, jharkhand and west Bengal have led the growth
- In South, Tamil Nadu had led the growth.
- West has been a tough situation Mumbai is worst hit. In gujarat also its had been fluctuating
- In South, Tamil Nadu had led the growth.
- West has been a tough situation Mumbai is worst hit. In gujarat also its had been fluctuating
Tamil Nadu market
- Company took a 360 degree approach in last 2 yrs
- Connected with the customers and launched a customized campaign for TN market.
- Lot of stores have been added.
- TN customer is price sensitive when it comes to gold rate so company realigned the policies
- Company took a 360 degree approach in last 2 yrs
- Connected with the customers and launched a customized campaign for TN market.
- Lot of stores have been added.
- TN customer is price sensitive when it comes to gold rate so company realigned the policies
- Company is doing lot of work in retail & customer side.
- There has been lot of work done in the wedding side but the results are yet yo be seen.
- Customized approach in TN has helped the company a lot.
- There has been lot of work done in the wedding side but the results are yet yo be seen.
- Customized approach in TN has helped the company a lot.
Gold rates volatility
- In Q4, after many quarters, there has been a grammage growth in the market.
- That has added to the good sales in last quarter.
- In Q4, after many quarters, there has been a grammage growth in the market.
- That has added to the good sales in last quarter.
Competition
- Competitive intensity has gone up significantly on all fronts.
- Company also had to give up some margin to gain the market share.
- The tailwind is there with big players as the demand is shifting from small players to big organized players.
- Competitive intensity has gone up significantly on all fronts.
- Company also had to give up some margin to gain the market share.
- The tailwind is there with big players as the demand is shifting from small players to big organized players.
- Strong regional and big national players has gained and small players have lost the market share.
- Many other players have clocked in higher growth.
- Marketing spend across industry has gone up significantly.
- Many other players have clocked in higher growth.
- Marketing spend across industry has gone up significantly.
Wedding demand
- There has been a pent-up demand in marriage segment.
- Company was extremely bullish for Q1 and launched Riva campaign but the covid resurgence has reduced the expectation.
- There has been a pent-up demand in marriage segment.
- Company was extremely bullish for Q1 and launched Riva campaign but the covid resurgence has reduced the expectation.
Lockdown impact
- 50% of the stores are closed as of 29th April
- Till things becomes safer there will be a continuous call on shutting the stores.
- The manufacturing hasn't been stopped yet. The rate of production has slowed down.
- 50% of the stores are closed as of 29th April
- Till things becomes safer there will be a continuous call on shutting the stores.
- The manufacturing hasn't been stopped yet. The rate of production has slowed down.
Customer growth
- Jewelry overall buyer growth stood at 39% last year.
- Watches growth is driven by quantity.
- Jewelry overall buyer growth stood at 39% last year.
- Watches growth is driven by quantity.
Question from Rakesh Jhunjhunwaala sir
Why the company has cut the dividend and how would the company use it. The minority shareholders are disappointed with the low dividend when the company is sitting on Rs. 3k crore plus cash
(Answer was not at all satisfactory)
Why the company has cut the dividend and how would the company use it. The minority shareholders are disappointed with the low dividend when the company is sitting on Rs. 3k crore plus cash
(Answer was not at all satisfactory)
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