Q3 Earnings Today: Titan, Asian Paints & 129 Companies Report

Q3 Results Today: Titan, Asian Paints Among 129 Companies Announcing Earnings

The Q3 earnings season is in full swing, with approximately 129 companies scheduled to announce their results today. Key results to watch out for include those from Titan, Asian Paints, and Tata Power. In addition to these major players, companies like Dhanlaxmi Bank, Eris Lifesciences, JK Tyre, JSW Holdings, Metropolis Healthcare, Max Financial, One Mobikwik, Torrent Power, and V Mart will also be declaring their quarterly performance.

Titan Q3 Expectations

Titan is expected to report robust sales growth for Q3, driven by strong festive demand and a favorable wedding season. However, profitability may be muted due to an anticipated one-time inventory loss.

• Revenue from operations is projected to grow by 24% year-on-year (YoY), according to an average estimate from five brokerages.
• Profit for the quarter is expected to be flat or slightly lower due to the exceptional item.
• However, analysts estimate that adjusted profit after tax (PAT) will likely see a growth of around 19% YoY.

In its Q3 update, Titan reported healthy business growth across its segments, with jewellery sales increasing by 26%. The Watches & Wearables and eyecare businesses were up by 13% and 17%, respectively.

Asian Paints Q3 Expectations

Asian Paints, on the other hand, is expected to report a weaker quarter, with both revenue and net profit declining on a year-on-year basis. The paint maker could see a 0.5% to 5% fall in its topline, according to estimates from three brokerages. Meanwhile, the company's profit after tax (PAT) in Q3FY25 is expected to decline between 17% and 29%.

• Revenue decline projected between 0.5% and 5%
• Profit after tax (PAT) decline expected between 17% and 29%

Estimates have been provided by Nuvama Institutional Equities, Antique Stock Broking, and JM Financial. The lackluster results are expected to be driven by lower volumes and adverse pricing trends.

Key Points

• 129 companies to announce Q3 results today.
• Titan expected to show strong sales growth but muted profitability.
• Asian Paints anticipated to report a decline in revenue and net profit.

Investors and analysts will be closely monitoring these results to gain insights into the performance of key sectors and the overall economic landscape.

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Categories: Asian Paints, earnings, Q3 Results, stock market, Titan