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.

01 Feb 2019

3367.00

-1.01%

Q3FY19 Result Update - Growth on all fronts; momentum continues

Buy: Titan Company Ltd.

Target

Prabhudas Lilladhar

We maintain positive stance on Titan post 3Q results given 1) the guidance of 22% jewellery sales growth and opening of 40 Tanishq stores in FY19 2) expected gains from backward integration and proactive strategy in Eyewear and 3) success of new collections in watches. QTD sales in 4Q grew by ~18%...

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

Titan Company Ltd.

01 Feb 2019

3367.00

-1.01%

Titan's robust Q3 performance makes us increase estimates by 1-3%. The strong growth in j...

Accumulate: Titan Company Ltd.

Target

Emkay

Robust jewelry growth of 37% was aided by a strong festive season and the activation of the gold exchange scheme. Higher volatility in gold prices may pose a risk to consumption demand in the near term, in our view. However, Titan's strong position vs. peers and execution with a focus on multiple growth drivers offer good visibility. Profitability across the divisions was mixed with margins in watches being impacted by high ad spends. Management continues to maintain a 15% EBIT margin target for the division. Jewelry margin expansion was impressive, but was partly supported by inventory gain and lower ad spends. The focus remains on growth, and share gains can...

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

Titan Company Ltd.

07 Jan 2019

3367.00

-1.01%

Titan Company Ltd

Buy: Titan Company Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research In its quarterly preview of Q3FY19, the management of Titan highlighted that healthy revenue growth was witnessed across all its divisions, signalling robust customer demand in the festive season of DiwaliDussehra. The jewellery division continued to gain market share driven by rapid store expansion and strong same store sales growth (SSSG). The management now expects the jewellery division to exit FY19 with revenue growth of 22% (vs. earlier guidance of ~20%). The watches division continued on its healthy trajectory driven by launch of new...

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

Titan Company Ltd.

04 Jan 2019

3367.00

-1.01%

Healthy growth momentum across key businesses

Buy: Titan Company Ltd.

Target

Motilal Oswal

4 January 2019 Jewellery segment capitalized well on seasonal strength to report robust growth in 3QFY19. Management cited that the segment expanded its market share on account of robust same-store sales growth. Prescription Eyewear business also sustained growth momentum due to its strategy of offering more assortments at affordable price points and aggressive marketing spends. Management stated that the category continued delivering a strong performance on account of rapid store expansion, increasing affluence of customers in middle India, and strong consumer demand on account of the festive season of Diwali-Dussehra. The company also indicated that same-store sales growth remains very strong and that market share gains continue. In 3QFY19, TTAN added 11 new stores (65k sq. (collection of Heritage and Antique gold jewellery) during the quarter, which has received good customer response. Watches division reportedly continued its healthy growth momentum in 3QFY19, led by the focus on new designs and marketing spends.

Titan Company Ltd. is trading below all available SMAs

Titan Company Ltd.

04 Dec 2018

3367.00

-1.01%

Titan Company: Wedding season demand healthy

Buy: Titan Company Ltd.

Target

Motilal Oswal

In an encouraging sign, wedding season demand is scaling up well for TTAN. This should uplift management confidence as it had guided for healthy growth (25-30%) for 3QFY19 but refrained from commenting on the fourth quarter performance. In our view, if consumers continue flocking to its stores in the wedding season, Jewelry sales growth of 25% for the full year is achievable (note that TTAN had guided for Jewelry sales growth of 25% at the start of the year but lowered it to ~20% later).

Titan Company Ltd. average weekly volume is high.

Titan Company Ltd.

13 Nov 2018

3367.00

-1.01%

Titan Company

Results Update: Titan Company Ltd.

SMC online

Titan Company Ltd.'s profit misses analyst estimates in the July-September period. The company has announced an impressive growth in income of 26% for the second quarter. The income from operations in the second quarter, July to September 2018, was RS.4353 crores, against last year's income of Rs.3439 crores during the same period. The income for April to September 2018, the first half of this financial year, stands at Rs.8622 crores, registering a growth of 16% over last year. The Standalone PBT for Q2 is Rs.446 crores, against Rs.425 crores last year, recording a growth of 5%. The growth in the profit before tax for the quarter was muted due to provision made to...

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

Titan Company Ltd.

12 Nov 2018

3367.00

-1.01%

Titan Company

Buy: Titan Company Ltd.

Dolat Capital

Net revenues grew by 26.4% YoY to ` 44.0bn came ahead of our estimate. Jewellery business reported a robust 28.5% sales growth mainly led by grammage growth of 24%. The segment benefited from new launches in plain gold jewellery, however, studded jewellery contribution declined from 37% to 35% during the quarter. Consequently, GM and EBITDA margins contracted. We believe the growth in jewellery category would continue, despite unfavorable base benefiting from new store additions and new customer acquisition. Further, Titan, being one of the largest...

Titan Company Ltd. average weekly volume is high.

Titan Company Ltd.

12 Nov 2018

3367.00

-1.01%

Titan Company Ltd

Buy: Titan Company Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Titan reported revenue growth of 27.0% YoY to | 4567.2 crore (Idirect estimate: | 4160.2 crore) driven by robust growth across all divisions. The jewellery division reported robust revenue growth of 29% YoY to | 3645.1 crore despite muted growth seen by the industry (according to the management, industry grew 5-15%). The watches segment sustained its revenue trajectory with growth of...

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

Titan Company Ltd.

10 Nov 2018

3367.00

-1.01%

Titan (2QFY19): On the front foot; one-offs mar profitability. Maintain NEUTRAL

Neutral: Titan Company Ltd.

HDFC Securities

We maintain our estimates and DCF-based TP of Rs 820/sh (implying a P/E of 38x Sept-20E EPS). Reiterate NEUTRAL. Coming off a rather painful 1Q, channel checks suggest that most big-box jewellers grew at 10-15% in 2Q. In this back-drop, Titans 2Q performance seems rather commendable as the market share gain narrative is on track, albeit one-offs marred profitability.

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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