COVID-19 impacts adversely on Titan's business, Q4 FY20 results expected to dip amid lockdown
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The Q4 FY20 results have been a difficult quarter for the retailers across businesses, especially Titan. The numbers for Titan’s Q4 FY20 is expected to decline the revenue by 5% and will stand at ₹ 4435 Crores. The profits will be at ₹ 281 Crores which is down by 4.5% for the quarter. The COVID-19 has impacted adversely on the businesses’ sales as well as profitable akin. The expected jewelry revenue will face a downfall of 5%. The watch division, however, is expected to report muted growth of 1%. Eyewear segment may slide down by 20% due to disruptions and the margins will remain flat. Listen in to know more! Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com
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