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 Aug 2019

3327.30

-1.52%

Titan Company

Buy: Titan Company Ltd.

Target

Sharekhan

The revenue of Titan Company (Titan) grew by ~16% y-o-y driven by strong growth of 20% in the watches business and ~13% growth in the jewellery business. Flat margins in the Jewellery business; decline in the margins of the watches business and sustained losses in the eyewear business led to a 70 BPS decline in OPM (on a comparable basis). Mr. C K Venkat has been appointed as the managing director of the company and would lead the management team. Subsidiaries including Titan Engineering and Automation and Caratlane registered strong performance with over...

Titan Company Ltd. is trading below all available SMAs

Titan Company Ltd.

06 Aug 2019

3327.30

-1.52%

Titan Company

Accumulate: Titan Company Ltd.

Recommendation Target

Dolat Capital

Titan's net revenue grew 14.4% YoY to `49.4bn in Q1FY20, below our estimate. We believe the growth in the jewellery segment will remain muted (low double digits) in Q2FY20E. Nevertheless, we anticipate an increase in growth in H2FY20E, due to new store additions, customer acquisition, and anticipated improvement in overall economy. Also, as Titan is one of the largest players in the organized industry, with attractive products, we believe it will emerge as a winner of the shift from unorganised to organised. Further, the trend of buying jewellery for...

Titan Company Ltd. is trading at high day volume of 7.5M.

Titan Company Ltd.

11 Jul 2019

3327.30

-1.52%

Titan Company Ltd

Buy: Titan Company Ltd.

Target

ICICI Securities Limited

Large Institutional order drives revenue growth for watches The watches segment continued on its healthy trajectory (19% growth in Q1FY20) driven by large institutional order by TCS and activation in both Titan and Fastrack brands. The quarter also witnessed the launch of new products with tech-enabled wearable being the new growth driver. The...

Titan Company Ltd. is trading at high day volume of 7.5M.

Titan Company Ltd.

09 Jul 2019

3327.30

-1.52%

Titan Company

Buy: Titan Company Ltd.

Target

Sharekhan

Titan Company Limited (Titan) released its Q1FY2020 quarterly update, indicating moderating growth in its jewellery division due to increased gold prices (~8% y-o-y), which has further affected the soft demand environment. Titan registered modest growth of 13% in its jewellery division (upwards of 20% growth registered in some of the earlier quarters). However, it has maintained strong double-digit growth momentum in its other key divisions, watches and eyewear. The stock has already corrected by 10%, which is mostly factoring...

Titan Company Ltd. is trading at high day volume of 7.5M.

Titan Company Ltd.

08 Jul 2019

3327.30

-1.52%

Tough environment and high gold price impact quarter

Buy: Titan Company Ltd.

Target

Motilal Oswal

8 July 2019 TTAN delivered lower-than-targeted Jewellery sales growth of ~13% YoY in 1QFY20 on account of the tough macroeconomic environment and high gold prices (particularly in June). In fact, the first half of the quarter was good in terms of sales, with 19% YoY growth till 7 May19 (as mentioned in 4QFY19 earnings call). However, gold prices increased toward the second half, which, in our view, led to demand postponement, impacting segmental growth for the quarter. collection of both plain and studded jewellery. Watches division sales increased 19% YoY in 1QFY20, partly aided by a large institutional order from Tata Consultancy Services (TCS). The division saw its semi-annual activation in both Titan and Fastrack brands during the quarter. Eyewear division also saw activation during the quarter, which helped achieve revenue growth of ~13% YoY. Growth in trade channel exceeded that in overall division in 1QFY20.

Titan Company Ltd. is trading below all available SMAs

Titan Company Ltd.

03 Jun 2019

3327.30

-1.52%

Titan Company

Buy: Titan Company Ltd.

Target

Sharekhan

sustain in FY2020: FY2019 was yet another fiscal of strong performance for Titan with revenue and PAT growing by 23% and 35%, respectively (OPM improving by 80 BPS to 11%) during the year. This was mainly on account of strong performance by three key business verticals jewellery, eyewear and watches, which delivered 15-23% revenue growth during...

Titan Company Ltd. is trading at high day volume of 7.5M.

Titan Company Ltd.

14 May 2019

3327.30

-1.52%

Titan Company Limited

Results Update: Titan Company Ltd.

SMC online

by 22.7% to Rs.1,927 crores. This is after 100 % provision for investments in inter corporate deposits amounting to Rs.145 crores made in IL&FS; and impairment of investment in its Swiss subsidiary Favre Leuba, amounting to Rs. 70 crores (exceptional item)....

Titan Company Ltd. is trading below all available SMAs

Titan Company Ltd.

13 May 2019

3327.30

-1.52%

Titan Company

Buy: Titan Company Ltd.

Target

Dolat Capital

View: Robust revenue growth continues. Maintain Buy The net revenue grew 19.3% YoY to ` 46.7bn, in line with our estimate. We believe the growth in jewellery segment will continue, despite an unfavorable base, due to new store additions and customer acquisition. Also, as Titan is one of the largest players in the organized industry with attractive products, we believe it will emerge as a winner of the shift from unorganised to organised. Further, the trend of buying jewellery for fashion, instead of investment, will enhance premiumization. We have...

Titan Company Ltd. is trading at high day volume of 7.5M.

Titan Company Ltd.

11 May 2019

3327.30

-1.52%

Growth prospects remain bright

Buy: Titan Company Ltd.

Target

Motilal Oswal

We attended Titan's (TTAN) Annual Investor Forum 2019; key takeaways: TTAN's jewelry segment growth target for FY20 is ~22%, and if achieved, it will be the third consecutive year of faster than targeted growth. At end-FY17, TTAN had guided for 20% CAGR over five years. Of the 22% targeted jewelry segment growth in FY20, 14% should be supported by SSSG. Therefore, after FY18 (16% SSSG of the 25% growth) and FY19 (16% SSSG of 22% growth), FY20 will be the third consecutive year when SSSG will contribute over 60% to sales growth. This augurs well for operating margins....

Titan Company Ltd. is trading below all available SMAs

Titan Company Ltd.

10 May 2019

3327.30

-1.52%

Analyst Meet Update - Creating Multiple growth engines: Buy

Buy: Titan Company Ltd.

Target

Prabhudas Lilladhar

up in Eyewear and 3) seeding of new businesses like Taneira and Skinn. We maintain positive stance on Titan post Mgt interaction given guidance of 22% sales growth in Jewellery, double digit growth in watches and sustained growth and scale up in other ventures. Jewellery business is focusing on increasing share through high value jewellery, distribution expansion in tier2-3 cities and growth in brands like Mia and caratlane. Tanishq is best placed to capture the move from unorganized sector given strong brand, trust on TATA name and increasing...

Titan Company Ltd. average weekly volume is high.

Is Titan Company Ltd. worth buying?

1344 Votes:

Buy 69.12%

Sell 17.78%

Hold 13.1%

RESEARCH REPORTS

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