2446.95 14.15 (0.58%)

37.97% Gain from 52W Low

1.6M NSE+BSE Volume

NSE Aug 08, 2022 03:31 PM



Titan Company Ltd.    
08 Aug 2022, 06:56AM
2446.95
0.58%
HDFC Securities
Hindustan Petroleum Corporation: Our ADD rating on Hindustan Petroleum Corporation (HPCL) with a price target of INR 280 is premised on (1) recovery in domestic demand for petroleum products; (2) improvement in refining margins over the coming 18 months; and (3) gradual improvement in marketing margins for FY23-24 vis--vis FY22 levels. Q1FY23 EBITDA loss stood at INR 125bn, well above our estimated loss, owing to weaker-than-expected marketing segment performance and higher expenses, resulting in the highest-ever quarterly loss of INR 102bn. Reported GRM stood at USD 16.7/bbl (HSIE: USD 19.9/bbl). Kansai Nerolac: Kansai Nerolac's (KNPL) standalone revenue grew 49% YoY (INR19.4bn, three-year CAGR: 10%; HSIE: INR18.7bn). In decorative segment, volume/realisation is estimated to have clocked ~21/22% resp YoY in Q1. Underperformance vis-a-vis the top-2 players reduced and management highlighted its focus on recouping lost share via (1) increasing salience in premium products and (2) flexing the marketing lever, going forward. Industrial segment is estimated to have outpaced portfolio growth (HSIE: ~52%). Profitability was broadly in line (GM/EBITDAM at 29.9/13.1% vs HSIE: 30/13.7%). While we revise our FY24/25 EPS estimates marginally (2% each), we downgrade the stock to ADD (earlier BUY) as we suspect risk-reward is evenly matched now (post the recent stock run-up) in the wake of new competition. LIC Housing Finance: LICHF reported strong P&L outcomes in Q1FY23, partly driven by low base in terms of opex intensity as well as credit costs. While AUM growth was muted, disbursements were healthy at INR152bn, even as the management guided for higher share of non-core project loans,...
Titan Company Ltd. has gained 36.87% in the last 1 Year
Titan Company Ltd.    
08 Aug 2022, 12:00AM
2446.95
0.58%
buy
Accumulate: Titan Company Ltd.
ICICI Securities Limited
We like the (1) good traction in new markets (new cities, low share markets and also south market – continued gains in TN) and (2) share gains in a growing category (large part of consensus had dismissed category growth potential and believed Titan is a just share gain story in a shrinking market).
Titan Company Ltd. has gained 36.87% in the last 1 Year
Titan Company Ltd.    
06 Aug 2022
2446.95
0.58%
Titan Company Ltd.    
06 Aug 2022
2446.95
0.58%
Here's what Jhunjhunwala asked Titan management after Q1 results
Here's what Jhunjhunwala asked Titan management after Q1 results
Economic Times
The company management also informed Jhunjhunwala that it has opened up a second Fastrack Prescription eyewear retail store, to cater to the youth segment. It plans to add 5-6 stores in the Bengaluru city and take the number to 25 across the country. The company said it is expanding into the lifestyle segment.
Titan Company Ltd.    
06 Aug 2022
2446.95
0.58%
Titan Company Ltd. has an average target of 2536.67 from 8 brokers.
Titan Company Ltd.    
06 Aug 2022
2446.95
0.58%
buy
Titan Company Ltd. is trading above all available SMAs
Titan Company Ltd.    
05 Aug 2022
2446.95
0.58%
Titan Company Ltd.    
05 Aug 2022
2446.95
0.58%
Results Earnings Call for Q1FY23 of Titan Company
Conference Call with Titan Company Management and Analysts on Q1FY23 Performance and Outlook. Listen to the full earnings transcript.
Titan Company Ltd.    
05 Aug 2022
2446.95
0.58%
Titan Company Ltd.    
05 Aug 2022
2446.95
0.58%

Gems & Jewellery company Titan Company announced Q1FY23 Result :

  • Titan records revenue growth of 199% in Q1 FY 2022-23
  • Titan Company recorded its second-best quarterly revenue in Q1FY23 buoyed by a strong festive demand in a near normal Q1 that came after a gap of two Covid disrupted periods of Q1 FY21 and Q1 FY22. Total income for the quarter was, 8,649 crores, a growth of 199%, compared to Rs 2,890 crores of Q1 FY22 (excluding bullion sale). The Company also recorded one of the highest profits of Rs 1,066 crores (before taxes) for the quarter in comparison to Rs 82 crores in Q1 FY22.
  • Jewellery business registered an income of Rs 7,600 crores in Q1 FY 23 compared to Rs 2,467 crores in Q1 FY22 (excluding bullion sale), a growth of 208% riding on a good Akshaya Tritiya sales and a better studded mix compared to the same quarter previous year. Watches & Wearables business reported its best quarterly income of Rs 785 crores with 169% growth in Q1 FY23 compared to Rs 292 crores in Q1 FY22. Similarly, EyeCare business also reported its highest quarterly income of Rs 183 crores with 173% growth in Q1FY23 compared to Rs 67 crores in Q1 FY22. Other businesses comprising Indian dress wear and Fragrances & Fashion Accessories reported an income of Rs 56 crores in Q1 FY23 compared to Rs 14 crores in Q1 FY22, a growth of 300%.
  • Jewellery business reported an EBIT of Rs 1,027 crores in Q1 FY23 compared to Rs 207 crores in the same quarter of the previous year. Watches & Wearables business reported an of EBIT Rs 103 crores in Q1 FY23 compared to a loss of Rs 56 crores in the same quarter of the previous year. EyeCare business reported an EBIT of Rs 36 crores in the quarter compared to a loss of Rs 13 crores in the same quarter of the previous year. Other businesses reported a loss of Rs 10 crores as compared to a loss of Rs 16 crores in the same quarter of the previous year.
  • The Company has added (net) 125 stores during the year. The Company's retail chain (including Caratlane) has 2,303 stores across 366 towns with an area exceeding 2.9 million sq. ft. as on June 2022.

Mr.CK Venkataraman, Managing Director of the Company stated that: "The financial year has begun well for us and we delivered a strong performance in Q1 across our business segments. Despite challenging macro environment, the outlook for the remaining quarters looks positive and we continue to execute our investment plans in India as well as chosen international geographies."

Result PDF

833 Votes:
Buy 67.23%
Sell 20.65%
Hold 12.12%
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