NSE: TITAN | BSE: 500114

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3453.30 45.00 (1.32%)

1.7M NSE+BSE Volume

NSE 03 Oct, 2025 3:31 PM (IST)

306,579.2

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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.

10 May 2018

3453.30

1.32%

Titan reported a strong 67% growth in EBITDA and 61% growth in PBT (bei), in line with ou...

Hold: Titan Company Ltd.

Emkay

Factoring in the margin beat in Jewellery and the management's positive outlook on margins, we increase our FY19/20E earnings by 5-8%. However, current valuations at 47x FY20E earnings captures most of the positives. We maintain HOLD with revised TP of Rs990, valuing Titan at 45x June'20E EPS. Jewellery margins propel earnings growth: Titan's reported Jewellery revenue growth was muted at 13%. But, retail sales growth was healthy at 19%. Despite the lower reported revenue, Jewellery EBIT growth at 60% was higher than expectation due to strong margin expansion of 400bps to 13.7%, aided by higher studded share at 36% vs 33% in Q4FY17,...

Titan Company Ltd. is trading above its 200 day SMA of 3401.9

Titan Company Ltd.

19 Apr 2018

3453.30

1.32%

Titan Company Ltd

Buy: Titan Company Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research The management, in its latest BSE filings, has said that the company has undergone a vision exercise to rejig its revenues for FY23E. The management had earlier guided to grow its jewellery revenues at a compounding rate of 20% till FY22 (2.5x revenues of FY17). The same growth phase has now been extended to FY23. Given the robust performance in 9MFY18 (24% and 32% revenue and EBITDA growth, respectively), the management remains upbeat on the growth outlook...

Titan Company Ltd. is trading below its 30 day SMA of 3544.8

Titan Company Ltd.

06 Apr 2018

3453.30

1.32%

Titan Company: Activations and revised exchange policy add luster to Jewellery

Buy: Titan Company Ltd.

Target

Motilal Oswal

4QFY18 turned out to be a good quarter for the Jewellery division, with retail growth coming in at mid-teens, despite no new collection launch. Growth was driven by successful diamond jewellery activation and the revised gold exchange policy. Watches performed strongly in the quarter, aided by the multi-brand and e-com platforms. Prescription Eyewear, too, sustained its growth momentum, while Sunglasses business continued to suffer.

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

Titan Company Ltd.

02 Feb 2018

3453.30

1.32%

Titan Company Ltd

Buy: Titan Company Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Given the high base of Q3FY17, Titan reported moderate revenue growth of 8.3% YoY to | 4274.8 crore mainly driven by 8% revenue growth in jewellery division to | 3569.9 crore. Watches segment reported subdued revenue growth of 4.5% YoY to | 535.5 crore while eyewear segment reported flat revenue growth at | 90.4 crore Gross margins for the quarter improved 130 bps YoY to 24.8% mainly on account of enhancement of studded ratio to 25% vs. 21%...

Titan Company Ltd. is trading above its 200 day SMA of 3401.9

Titan Company Ltd.

02 Feb 2018

3453.30

1.32%

Titan - 3QFY18 Result Update

Buy: Titan Company Ltd.

Target

Reliance Securities

Though reported revenue in Watches business grew by 4.7% YoY to Rs5.3bn, revenue growth on comparable basis stood at 11% with 11% volume growth, marking the highest in past 23 quarters. Titan has passed on the benefits of lower GST of 18% (reduced from 28%) to the consumers. Segmental margins rose by 500bps YoY to 15.5% leading to 56% YoY growth in Watches business' EBIT to Rs826mn. Revenue growth in Eyewear business remained flat due to...

Titan Company Ltd. is trading above its 200 day SMA of 3401.9

Titan Company Ltd.

01 Feb 2018

3453.30

1.32%

Titan Company: Results muted on high October base, Outlook remains buoyant

Buy: Titan Company Ltd.

Target

Motilal Oswal

Titan's (TTAN) 3QFY18 reported revenue grew 8.3% YoY (est. of +20%)toINR42.7b. EBITDA rose 21.2% YoY to INR4.22b (est. of INR4.40b), while recurring PAT increased 21% YoY to INR2.82b (est. of INR 3.26b). Consolidated segmental performance: a) Jewelry sales were up 8% YoY toINR35.7b (grammage grew 6% YoY), while the segment margin expanded10bp YoY to 10.3% in 3QFY18. b) Watches sales grew 4.5% YoY to INR5.4b,with an EBIT margin improvement of 250bp YoY to 12.8%. Gross margin expanded 130bp YoY to 24.8%. Ad spends grew by 30bp and staff cost by 10bp YoY, while other expenses declined by 20bp YoY. EBITDA margin, thus, expanded 110bp YoY to 9.9% in 3QFY18. Reclassification of cost led to lower other expenses in the quarter.

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

Titan Company Ltd.

03 Jan 2018, 12:00AM

3453.30

1.32%

Titan Company Ltd

Buy: Titan Company Ltd.

Recommendation Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research In its quarterly preview, the management said the company continued to gain market share in its jewellery division in Q3FY18 with healthy double digit revenue growth in the retail format despite the high base of Q3FY17. The management also highlighted that downward revision in GST rates for watches and sunglasses (from 28% to 18%) would result in price correction and lead to a recovery in volume growth. Strong festive season leads to healthy retail growth for Tanishq...

Titan Company Ltd. is trading above its 200 day SMA of 3401.9

Titan Company Ltd.

02 Jan 2018

3453.30

1.32%

Titan Company: Healthy jewellery retail growth led by festive demand

Buy: Titan Company Ltd.

Target

Motilal Oswal

Festive season sales were reportedly healthy, despite a high base. Retail growth in 3QFY18 was in line with management's expectations, despite the advancement of Dussehra sales to 2QFY18. TTAN also continued to gain market share. Watches and Prescription Eyewear businesses also saw good growth in the quarter. We maintain our Buy rating with a revised target price of INR975 (valued at 49x December 2019E EPS, a 20% premium to three-year average multiple because of the extraordinarily strong earnings growth prospects - 36% EPS CAGR over FY17-20E)

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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