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Titan is all set to report its quarterly financial results on Friday. The Tata group maker of watches, jewellery and eyewear — whose brands include Tanishq, CaratLane, Fastrack and Titan EyePlus — is likely to report a strong performance in its jewellery unit on account of a low base thanks to festive demand and stability in gold rates.

Analysts in a CNBC-TV18 poll expect Titan to report a net profit of Rs 740 crore for the April-June period, which would mean a more than 12-fold jump compared with the corresponding period a year ago.

They estimate its revenue to more than double to Rs 8,700 crore for the three months to June compared with Rs 3,249 crore for the year-ago quarter.

The analysts peg Titan's EBITDA — or earnings before considering the impact of components such as taxes and interest — to clock a 7.5 percent jump to Rs 1,075 crore.

Its margin — or the amount by which a business's revenue exceeds its costs — is estimated at 12.4 percent for the three months to June, as against 4.4 percent for the year-ago quarter.

If that happens, it will be one of the biggest jumps in the margin in the current earnings season at a time when rising costs on account of inflation are eating into businesses' margins across sectors.

According to a quarterly update by the company last month, Titan's jewellery business saw sales double in April-June because of a low base in the year-ago period.