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Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Nomura retains sell on Titan
Revenues were weak across both the major divisions - watches and jewellery, which management attributes to weak consumer sentiment. EBITDA margins fell 130 basis points year-on-year to 8.2 per cent. Given the improved monsoon conditions and the upcoming festive season, the company is looking forward to a better year than the current quarter.