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.

06 Nov 2019

3378.50

-1.16%

Titan Company - 2QFY20 Result Update

Titan Company Ltd.

Reliance Securities

Titan Company Ltd. is trading below all available SMAs

Titan Company Ltd.

06 Nov 2019

3378.50

-1.16%

Titan Company Ltd

Buy: Titan Company Ltd.

Target

ICICI Securities Limited

Market share gains sustain in tough macro environment Inflation in gold prices has severely dented consumer sentiments with footfalls declining in the festive season. As per the management, the jewellery industry declined ~10-15% in Q2FY20, signalling that Tanishq continued to gain market share in a challenging environment (with 7% retail sales growth in Q2FY20). In a bid to further strengthen its presence in nonmetro cities, the management has maintained its store addition plan of ~60 Tanishq stores for FY20E, despite slower pace of addition in H1FY20 (21 stores). While volatile gold prices may act as deterrent to revenue growth in...

Titan Company Ltd. is trading below all available SMAs

Titan Company Ltd.

05 Nov 2019

3378.50

-1.16%

Titan Company

Buy: Titan Company Ltd.

Target

Sharekhan

Titan Company's (Titan) Q2FY2020 performance was affected by spike in gold prices during June, which affected jewellery sales in July. Consolidated revenue grew by just 2% to Rs. 4,600.7 crore, with revenue of the jewellery business declining by 2%, watches business revenue growing by 6% and eyewear business revenue growing by 28.5%. Revenue of the jewellery business included hedging impact of Rs. 120 crore, as the company purchased gold before spike in prices , which was hedged at lower price. Though customers were billed at transaction day gold rates, which were...

Titan Company Ltd. is trading below all available SMAs

Titan Company Ltd.

05 Nov 2019

3378.50

-1.16%

Guidance cut, expensive valuations lead to downgrade

Neutral: Titan Company Ltd.

Recommendation Target

Motilal Oswal

Consol. segmental performance: (a) Reported Jewelry sales stood flat YoY at INR36.5b (volume down 14% YoY, SSSG up 2% YoY), with the EBIT margin flat YoY at 10.4%. (b) Sales of Watches grew 6.1% YoY (volumes down 1% YoY) to INR7.2b, with the EBIT margin down 200bp YoY to 14.4%. Concall highlights: (1) Jewelry sales growth guided at 11-13% YoY for 2HFY20. (revised down from +20% previously). (2) INR1.2b impact on sales of hedging losses in 2Q would not be reversed but the incremental impact will be much...

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

Titan Company Ltd.

22 Aug 2019

3378.50

-1.16%

TITAN COMPANY LIMITED

Accumulate: Titan Company Ltd.

Recommendation Target

Geojit BNP Paribas

Given strong quarter and a positive outlook across all businesses, we maintain our ACCUMULATE rating on the stock with a target price of Rs. 1,167 based on ~51x FY21E adj. EPS. Revenue growth across all businesses Q1FY20 revenue rose 15.7% YoY to Rs. 5,151cr with strong performance across all businesses. Jewellery contributed the most to the overall revenue (+14.3% YoY to Rs. 4,164cr despite higher gold prices and 2.5% consumer duty imposed on gold). Watches segment revenue grew 20.1% YoY to Rs. 716cr primarily driven by large institutional...

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

Titan Company Ltd.

13 Aug 2019

3378.50

-1.16%

Titan

Titan Company Ltd.

SMC online

estimates due to overseas investments and wage settlement Titan Company Limited reported a growth of 14.5% in topline during Ql of FY 2019-20. The sales income grew from Rs.4269 crores last year to Rs.4885 crores in Q1 FY20. The profit...

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

Titan Company Ltd.

07 Aug 2019

3378.50

-1.16%

Titan (1QFY20): Hits a pit stop! Maintain NEUTRAL

Neutral: Titan Company Ltd.

Target

HDFC Securities

While there is no questioning the execution skills of the outfit, its no See's Candy as Titan operates in a put-up-more-to-earn-more' industry. The entire cumulative CFO (ex-working capital) has gone towards working capital and capex needs over FY14-19. All Plausible tailwinds baked. Our DCF bakes an 18%+ market share in jewellery in FY30 already! TTAN has corrected nearly 25% from its peak and it could well be on its way to more palatable valuations; the stock isn't there yet, though. We maintain our Neutral stance on the name. Growth hits a pit-stop. Back-ended expansion increases want from productivity increase if Titan has to scrape through its guided 22% growth This may be a stretch even for Titan given elevated gold prices and weak consumer sentiments. We have a DCF-based TP of Rs. 1020/sh.

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

Titan Company Ltd.

07 Aug 2019

3378.50

-1.16%

Titan Company Ltd

Buy: Titan Company Ltd.

Target

ICICI Securities Limited

As guided by the management in its pre-quarterly update, Titan reported moderate overall revenue growth of 15.7% YoY to | 5151.1 crore (well below their internal target of 20% growth). A significant surge in gold prices, weak consumer sentiments dented demand for the jewellery space (mainly in June). With the jewellery division reporting revenue growth of 14% in Q1FY20 and a muted Q2FY20, the company may fall short of achieving the 22% growth guidance for FY20. However, the management expects festive demand and green shoots to drive revenue growth from H2FY20 onwards....

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

Titan Company Ltd.

06 Aug 2019

3378.50

-1.16%

Titan Company - 1QFY20 Result Update

Hold: Titan Company Ltd.

Recommendation Target

Reliance Securities

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

Titan Company Ltd.

06 Aug 2019

3378.50

-1.16%

Near-term uncertainty leads to earnings cut; Investment case intact

Buy: Titan Company Ltd.

Target

Motilal Oswal

1QFY20 consolidated revenue grew 15.7% YoY to INR51.5b (v/s est. of INR50.7b). EBITDA increased 18.8% YoY to INR5.7b (v/s est. of INR5.3b) and recurring PAT was up 11% YoY to INR3.6b (in-line). Consol. gross margins remained flat YoY to 27.4%. Increase in other expenses as % of sales (+20bp YoY to 7.8%) and staff cost as % of sales (+10bp YoY to 5.5%) was offset by lower ad spends as % of sales (-50bp YoY to 2.9%). Thus, EBITDA margin expanded 30bp YoY to 11.1% in 1QFY20 (v/s est. of 10.3%). Consol. segmental performance: (a) Reported Jewelry sales were up 14.3%...

Titan Company Ltd. is trading below all available SMAs

Is Titan Company Ltd. worth buying?

1344 Votes:

Buy 69.12%

Sell 17.78%

Hold 13.1%

RESEARCH REPORTS

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Buy SEE REPORTS >

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