3316.0000 -31.30 (-0.94%)
NSE Aug 01, 2025 15:31 PM
Volume: 423.0K
 

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Titan Company Ltd.
04 Feb 2020, 12:00AM
3316.00
-0.94%
Reliance Securities
Titan (TTAN) has reported a better-than-expected performance in 3QFY20. Its revenue was broadly in-line with the management revised guidance band at 11-13% YoY growth in 2HFY20 and it retained the same guidance for 4QFY20E as well. Revenue grew by 9.4% YoY (9MFY20 at +8% YoY) on the back of 10.6% YoY growth in jewellery segment and 2.4% YoY decline in watches segment. While wedding and festive season aided 15% YoY growth in retail jewellery sales, poor consumer sentiment affected Watches and Eyewear division. We are enthused by TTAN's market share gain during though times, not ruling out for its ability to grow >20% with improvement in consumer sentiment, going ahead. Consistent RoE of ~25% in the coming years and strong cash...
Prabhudas Lilladhar increased Buy price target of Titan Company Ltd. to 3830.0 on 27 Jul, 2025.
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