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.

09 Nov 2018

3408.30

1.23%

Jew elry sales remain robust; margins impacted by certain one-offs

Buy: Titan Company Ltd.

Target

Motilal Oswal

to INR45.7b (a) Jewelry sales grew 29% YoY to INR36.5b, 9 November 2018 but the segmental margin shrank 200bp YoY to 10.4%. (b) Watches sales rose 17.5% YoY to INR6.8b, with the EBIT margin expanding 210bp YoY to 16.4%. (1) TTAN witnessed 29% growth in the 40-day Dussehra- Diwali festive period; likely to maintain momentum for the remainder of valuation loss of INR180m, which will reverse in the subsequent quarter and (c) INR150m compensation cost to franchisee toward taking over two large profitable stores in Hyderabad. Lower-than-expected 2QFY19 margins have led us to cut our FY19/20 EPS estimate by 3.

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

Titan Company Ltd.

08 Oct 2018

3408.30

1.23%

Titan Company Ltd

Buy: Titan Company Ltd.

Target

ICICI Securities Limited

In its quarterly preview, the management indicated that the company continued to gain market share in its jewellery division for Q2FY19 driven by new collection launches and extension of diamond studded activation. Market share gains were also visible in Q1FY19 wherein the industry had declined 10-25% but its jewellery division reported revenue growth of 6% YoY. Titan has been a key beneficiary of migration from unorganised to organised players driven by recent regulatory changes, which is evident from sustained market share gains....

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

Titan Company Ltd.

04 Oct 2018

3408.30

1.23%

Healthy momentum across key businesses

Buy: Titan Company Ltd.

Motilal Oswal

4 October 2018 Management stated that the industry operating environment for jewelry has been muted due to factors like lesser number of wedding dates, an increase in gold prices, tightening of credit to industry and subdued consumer demand. Nevertheless, TTAN reported good Jewelry sales, led by (a) market share gains, (b) successful new launches and (c) extended studded diamond activation. In 2QFY19, TTAN added six new stores (35k sq. of retail space added in 1HFY19), taking YTD store addition to 16. TTAN closed two stores in 1HFY19. (collection of studded jewellery) in 2QFY19, which enjoyed very good customer response. Contemporary silver collection was also launched under the Mia brand in the quarter. Watches division extended its growth momentum in 2QFY19, led by its continued focus on new designs and increased marketing spend. stores (closed 1) in 1HFY19, adding 1.8k sq.

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

Titan Company Ltd.

27 Sep 2018

3408.30

1.23%

A good entry opportunity post recent correction

Buy: Titan Company Ltd.

Target

Motilal Oswal

27 September 2018 meet in May 2017, TTAN guided for 20% revenue growth in its Jewelry (Tanishq) business over FY17-22. TTAN has been the biggest beneficiary of the shift from unorganized to organized trade and the only material beneficiary of GST so far. Moreover, the series of measures taken by the government over the past three years to curb black money in the system is haunting unorganized players is a big way, creating a level-playing field and providing immense growth opportunities for organized players (among which, TTAN is the largest and the most trusted brand). The benefits from the shift away from unorganized trade will continue coming TTANs way in the coming years, in our view. jewelry in recent years (market size of INR1.5t v/s TTANs earlier core adornment market size of INR0.5t opening up an INR2t opportunity for the company); the target is to increase wedding jewelrys share to 50% of its jewelry sales from 35% in FY18.

Titan Company Ltd. average weekly volume is high.

Titan Company Ltd.

17 Sep 2018

3408.30

1.23%

Titan Company

Buy: Titan Company Ltd.

Target

JM Financial

We expect the Titan stock to remain volatile and mostly weak in the backdrop of the recent announcement by the government that it is looking at ways to curb import of non-essential' items. We do not expect RBI or the government to create disruptions of the kinds they did in 2013 (see Exhibits 1-3 for chronology of events, their impact on Titan's stock price), which in hindsight did no material damage to Titan's business-model but did severely impact stock performance in the interim. Ceteris parabus, any sharp fall in stock price on account of nervousness around government or RBI's current account deficit control measures should be used as a buying opportunity - Titan's intrinsic value would be impacted if and only if RBI's...

Titan Company Ltd. average weekly volume is high.

Titan Company Ltd.

20 Aug 2018

3408.30

1.23%

Buy Titan (@ CMP of 942)

Buy: Titan Company Ltd.

Edelweiss

Titan was incorporated in 1984 as a joint venture between the TATA Group and...

Titan Company Ltd. is trading above its 200 day SMA of 3402.2

Titan Company Ltd.

17 Aug 2018

3408.30

1.23%

Model Trading Portfolio | Buy TITAN

Buy: Titan Company Ltd.

Edelweiss

Titan Company Ltd is in the Consumer Durables sector, having a market capitalization of Rs. 81,609.74 crores.

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

Titan Company Ltd.

07 Aug 2018

3408.30

1.23%

Titan Company Ltd Q1FY19 results Comment

Results Update: Titan Company Ltd.

HDFC Securities

Revenue rose by 8.55% to Rs. 4406.57 Cr in Q1FY19 when compared to the previous quarter. Titan Company Ltd Q1FY19 results Comment

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

Titan Company Ltd.

06 Aug 2018

3408.30

1.23%

Titan Company Ltd

Buy: Titan Company Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Titan reported a steady set of Q1FY19 numbers wherein topline grew 9.0% YoY to | 4451.0 crore (I-direct estimate: | 4259.3 crore). Jewellery segment reported revenue growth of 6.3% YoY to | 3642.6 crore, albeit on a strong base of Q1FY18 (56% revenue growth in the jewellery segment). Other key segments like watches and eyewear witnessed strong traction with revenues growing 15% and 16% to | 596 crore and | 131.6 crore, respectively...

Titan Company Ltd. is trading below its 30 day SMA of 3549.5

Titan Company Ltd.

04 Aug 2018

3408.30

1.23%

Titan (1QFY19): Contextually; a good show. Maintain NEUTRAL

Neutral: Titan Company Ltd.

Target

HDFC Securities

We maintain our estimates and DCF-based TP of Rs 820/sh (implying a P/E of 42x FY20 EPS). Reiterate NEUTRAL. Channel checks suggest that most big-box jewellers grew at -10% to 2% in 1Q; within this subdued environment, Titans 1Q performance seems rather commendable. Titans net revenues grew by 9.4% (vs est. of 6.5%) beating estimates across segments. Jewellery grew by ~6% (est. 5%) to Rs 36.4bn as better realizations salvaged the impact of depressed volumes (-2.6% YoY vs est. 0%). EBIT/APAT grew by 32% each to Rs 4.42bn/Rs3.28bn (vs est. Rs 3.75bn/Rs2.75bn) as gross margin and op. leverage gains trickled down.

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

Is Titan Company Ltd. worth buying?

1344 Votes:

Buy 69.12%

Sell 17.78%

Hold 13.1%

RESEARCH REPORTS

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