Titan Company Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for TITAN, BSE:500114 Titan Company Ltd.

Titan Company Ltd.

07 Oct 2020

3467.20

-1.26%

Titan Company Ltd

Buy: Titan Company Ltd.

Recommendation Target

ICICI Securities Limited

Titan Company Ltd. is trading below its 30 day SMA of 3573.2

Titan Company Ltd.

02 Sep 2020

3467.20

-1.26%

Titan's standalone business recovered to 89% (consolidated recovered to 98%) with the jewellery business growing by 9% in Q2FY2021; watches and eyewear business recoveredto 56% and 61%, respectively. Consolidated OPM declined 433 bps to 6.9%, affected by hedging loss and lower operating leverge. Operating profit was down 40% to Rs. 313 crore. Higher demand during the festive season and improving wedding demand will help Titan post sustained recovery in the jewellery business going ahead. We have fine-tuned our estimates for FY2021 to factor in lower-than-expected...

Titan Company Ltd. is trading below its 30 day SMA of 3573.2

Titan Company Ltd.

13 Aug 2020

3467.20

-1.26%

TITAN COMPANY LIMITED

Buy: Titan Company Ltd.

Target

Geojit BNP Paribas

With recovery on the horizon, we reiterate our BUY rating on the stock, with a revised target price of Rs. 1,183 based on 58x FY22E EPS. Revenues hit hard due to closure of stores Q1FY21 consolidated revenues decline 61.6% YoY to Rs. 1,979cr as demand slumped owing to restrictions in place amidst ongoing crisis. Jewelry sales dropped 56.2% YoY to Rs. 1,824cr with segment posting EBIT loss of Rs. 68cr (vs. profit of Rs. 437cr in Q1FY20). Watch sales plummeted to Rs. 76cr, down 89.4% YoY and recorded an operating loss of Rs. 173cr (vs. Rs. 119cr profit in 1QFY20). This is due to the downturn...

Number of FII/FPI investors increased from 1019 to 1049 in Jun 2025 qtr.

Titan Company Ltd.

11 Aug 2020

3467.20

-1.26%

Titan Company Limited

Results Update: Titan Company Ltd.

SMC online

line and profit during this period, reported net loss of Rs 297 cr in June quarter. On consoldiatd basis, Revenue from operations stood at Rs 1979 crore in Q1 June 2020, tumbling 61.5% from Rs 5151 crore in the same period last year. During the quarter, the company sold gold-ingots aggregating Rs 601 crore to various customers dealing in bullion, which is disclosed as other operating revenues. The sale was done to reduce inventory given the low level of sales due to the disruptions in activity. Titan reported a pre-tax loss of Rs 361 crore in Q1 June 2020 as against a profit before tax of Rs 520 crore in Q1 June 2019. The company received a tax rebate of Rs 64 crore in Q1 June 2020 as...

Titan Company Ltd.'s price crossed below 50Day SMA today

Titan Company Ltd.

11 Aug 2020

3467.20

-1.26%

Titan Company

Buy: Titan Company Ltd.

Target

Dolat Capital

In July, retail jewellery segment posted 1% increase with advancement of activations. However, Watches and Eyewear segments yet to witness significant improvement. Other expenses remained high due to increase in ineffective hedges. Going ahead, ineffective hedges are likely to reduce substantially with normalization of demand scenario. We have revised our FY21E EPS at Rs 12.3 (-37.6%) and maintained our...

Titan Company Ltd.'s price crossed below 50Day SMA today

Titan Company Ltd.

11 Aug 2020

3467.20

-1.26%

Titan Company Ltd

Hold: Titan Company Ltd.

Target

ICICI Securities Limited

Since the outbreak of the pandemic, the perception of gold as an asset class has seen healthy traction. The management indicated that sentiments for plain gold jewellery and gold coins have improved on the back of significant surge in gold prices and expectations of further spike. Overall recovery rate for jewellery division rose to 77% in June and 101% in July (due to preponing of studded activation, low base effect). The management expects to exit Q2FY21E with recovery rate of 80% and gradual improvement in ensuing quarters. Owing to sluggish demand for studded jewellery, we...

Titan Company Ltd. has an average target of 3811.83 from 6 brokers.

Titan Company Ltd.

10 Aug 2020

3467.20

-1.26%

Q1FY21 Result Update - Long term outlook intact; Accumulate on Dips - HOLD

Accumulate: Titan Company Ltd.

Target

Prabhudas Lilladhar

We cut FY21/22/23 EPS of TTAN by 50.8%, 1.6% and 1.0% following Rs2.7bn loss in 1Q and near term headwinds led by 1) tepid discretionary demand due to lower purchasing power and negative consumer sentiment 2) likely demand impact due to 43% jump in gold prices 3) Ineffective hedging loss in Jewellery (not Quantified) which is likely to continue for next 2 quarters 4)...

Titan Company Ltd. is trading at high day volume of 2.3M.

Titan Company Ltd.

10 Aug 2020

3467.20

-1.26%

In-line; Recovery path getting gradually clearer

Buy: Titan Company Ltd.

Recommendation Target

Motilal Oswal

10 August 2020 Titans (TTAN) 1QFY21 results were broadly in line with estimates. Gold volumes declined by 81% during the quarter. However, decent recovery was seen in Jun20 with Tanishqs like-to-like growth declining 18% YoY. The recovery prospects in the jewelry segment (over 80% of sales) appear brighter with good demand in Jul20 (101% of sales in Jul19, albeit aided by weak base and significant activation in Jul20) and first week of Aug20 as well. However, recovery in watches/eyewear is tracking slower than jewelry. Another impact of ineffective hedges on margins in 2QFY21 as well is expected. However, we believe there is a possibility that recovery in the jewelry business may take place in 3QFY21, instead of 4QFY21 as guided by management. However, given the volatile demand and COVID environment, we prefer to be conservative and are assuming recovery in 4QFY21. Maintain with a TP of INR1,300 with 17% upside.

Titan Company Ltd. is trading at high day volume of 2.3M.

Titan Company Ltd.

01 Aug 2020

3467.20

-1.26%

Opportunity remains significant in difficult times

Neutral: Titan Company Ltd.

Target

Motilal Oswal

(%) Margins (%) FY20 was a challenging year with high gold prices affecting 1QFY20 and the COVID-19 crisis disrupting 4QFY20. Amid this tough operating environment, however, overall topline and earnings growth for Titan Company (TTAN) remained healthy at 6.4% and 8.9%, respectively. This continues a strong trend witnessed in recent years as a result of which sales and PAT CAGRs over FY1720 were also impressive at 17% and 24%, respectively, . Response to the COVID-19 crisis has also been heartening, with clear communication on safety and the addition of two new growth engines digital thrust and lower price point products. Barring high-value jewellery sales, we note that all of these growth engines are at play in FY21 as well. Gains from unorganized and other organized players continued unabated in FY20 and remain promising going forward as well. At less than 10% of the overall jewellery market, TTAN remains well-placed to capture further market share.

Titan Company Ltd.'s price crossed below 50Day SMA today

Titan Company Ltd.

10 Jun 2020

3467.20

-1.26%

Titan Company Ltd

Hold: Titan Company Ltd.

Recommendation Target

ICICI Securities Limited

FY20 was a challenging year for Tanishq owing to a significant surge in gold prices (up ~31% YoY) and slowdown in discretionary spending. Despite the dual headwinds, Tanishq continued to outperform the industry with sustained market share gains (revenue growth: 6% YoY in FY20). With washout of sales in the second half of March, grammage fell 20% YoY in Q4FY20. Titan added highest number of Tanishq stores in a year (40) taking total store count to 327 as on FY20. Going forward, it expects a gradual recovery in jewellery space from H2FY21 onwards led by festive buying in...

Titan Company Ltd. is trading below its 30 day SMA of 3573.2

Is Titan Company Ltd. worth buying?

1341 Votes:

Buy 69.13%

Sell 17.82%

Hold 13.05%

RESEARCH REPORTS

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