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12 Jul 2025 |
Titan Company
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Consensus Share Price Target
|
3361.60 |
3838.59 |
- |
14.19 |
buy
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07 Jul 2025
|
Titan Company
|
Emkay
|
3361.60
|
3350.00
|
3666.10
(-8.31%)
|
0.35 |
Sell
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TTAN saw growth moderation in Q1 with 17% growth in the jewelry business vs recent trends of ~25% growth. Also, LTL growth for TTAN in the early double digits is weaker vs 18-19% for peers.
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05 Jun 2025
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Titan Company
|
Geojit BNP Paribas
|
3361.60
|
3915.00
|
3504.00
(-4.06%)
|
16.46 |
Buy
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*over or under performance to benchmark index Titan Company Ltd manufactures and retails jewellery and watches. The company also produces perfumes for men and women. In Q4FY25, consolidated revenue increased 19.4% YoY to Rs. 14,916cr, driven by the growth in the jewelry segment. The jewelry segment grew 23.7% YoY to Rs....
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15 May 2025
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Titan Company
|
Sharekhan
|
3361.60
|
4155.00
|
3636.80
(-7.57%)
|
23.60 |
Buy
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Titan’s consolidated total revenues (ex-bullion sales) grew by 21.4% y-o-y to Rs. 13,891 crore (in line with our expectation of Rs. 13,888 crore). Including bullion sales (ex-other income), consolidated revenues grew by 19.4% y-o-y to Rs. 14,916 crore.
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08 May 2025
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Titan Company
|
Prabhudas Lilladhar
|
3361.60
|
3752.00
|
3369.30
(-0.23%)
|
11.61 |
Buy
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TTAN reported a robust 4Q led by 1) value growth leg by 30-40% higher gold prices 2) 330bps margin gain in watches and 3) 20bps higher margins in jewellery enabled by operating leverage and hedging gains. 1H26 outlook remains positive given low vase due to elections and no marriage days. Higher gold prices are impacting demand however consumers are shifting to lighter jewellery and value growth remains strong. Gold on lease charges are...
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05 Feb 2025
|
Titan Company
|
Motilal Oswal
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3361.60
|
4000.00
|
3490.90
(-3.70%)
|
18.99 |
Buy
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Titan Company (TTAN) posted consolidated sales growth of 25% YoY in 3QFY25 (in line). Standalone jewelry sales (excl. bullion) rose 26% YoY, driven by strong festive demand, higher gold prices, and a 29% surge in wedding purchases.
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05 Feb 2025
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Titan Company
|
Emkay
|
3361.60
|
4300.00
|
3490.90
(-3.70%)
|
27.92 |
Buy
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TTAN's Q3 EBITDA beat our estimate by 5%, helped by better margins as revenue came in line. Jewelry retail growth improved to 28% vs 21% in Q2, led by SSG improving to 22% vs 15% in Q2.
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05 Feb 2025
|
Titan Company
|
ICICI Securities Limited
|
3361.60
|
3400.00
|
3490.90
(-3.70%)
|
Target met |
Hold
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Titan's domestic jewellery business revenue growth continued to be strong (~25% YoY; LFL: 22% YoY) driven by gold jewellery with good performance in studded segment (+21% YoY, strong buyer growth in sub-100k price point) while solitaire segment continued to be muted (global price uncertainty), leading to ~100bps (~23%) reduction in the studded share.
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05 Feb 2025
|
Titan Company
|
Prabhudas Lilladhar
|
3361.60
|
3833.00
|
3490.90
(-3.70%)
|
14.02 |
Buy
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05 Dec 2024
|
Titan Company
|
Geojit BNP Paribas
|
3361.60
|
3633.00
|
3441.05
(-2.31%)
|
Target met |
Hold
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06 Nov 2024
|
Titan Company
|
ICICI Securities Limited
|
3361.60
|
3100.00
|
3177.05
(5.81%)
|
Target met |
Hold
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Titan's domestic jewellery business revenue growth had a strong revival (~25% YoY; LFL: 15% YoY) driven by improved industry demand conditions.
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06 Nov 2024
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Titan Company
|
Emkay
|
3361.60
|
4050.00
|
3177.05
(5.81%)
|
20.48 |
Buy
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TTAN reported a ~10% EBITDA miss, half of which was due to a ~100bps miss on jewelry margin, with the rest due to higher loss on customs duty cut (one-off). Topline trends for jewelry are impressive with 15%/21% LFL/UCP growth in Q2, and encouraging festive trends in Q3TD.
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05 Nov 2024
|
Titan Company
|
Sharekhan
|
3361.60
|
3745.00
|
3230.25
(4.07%)
|
11.41 |
Buy
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Titan Company’s (Titan’s) Q2FY2025 numbers were affected by lower margins in the jewellery business. Consolidated revenues grew by 16% y-o-y; adjusted PAT stood flat y-o-y.
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05 Nov 2024
|
Titan Company
|
Motilal Oswal
|
3361.60
|
3850.00
|
3230.25
(4.07%)
|
14.53 |
Buy
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Titan Company (TTAN) posted consolidated sales growth of 16% YoY in 2QFY25 (in line).
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05 Nov 2024
|
Titan Company
|
Prabhudas Lilladhar
|
3361.60
|
3782.00
|
3230.25
(4.07%)
|
12.51 |
Buy
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06 Oct 2024
|
Titan Company
|
Emkay
|
3361.60
|
4400.00
|
3670.10
(-8.41%)
|
30.89 |
Buy
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As per its Q2 business update, TTAN has exceeded our growth expectations across most business segments.
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30 Aug 2024
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Titan Company
|
Hem Securities
|
3361.60
|
4103.00
|
3621.15
(-7.17%)
|
22.05 |
Buy
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06 Aug 2024
|
Titan Company
|
Motilal Oswal
|
3361.60
|
4000.00
|
3335.10
(0.79%)
|
18.99 |
Buy
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In FY24, TTAN posted a strong double-digit growth (26% YoY) despite various demand challenges. The company continued to invest in supply chains, digital data, omnichannel capabilities, retail networks, and international markets.
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04 Aug 2024
|
Titan Company
|
ICICI Securities Limited
|
3361.60
|
3300.00
|
3462.35
(-2.91%)
|
Target met |
Hold
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Titan's domestic jewellery business had an abnormally weak quarter (LFL and revenue growth of 3% and 8% YoY respectively) due to external headwinds of steep gold price inflation.
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07 May 2024
|
Titan Company
|
SMC online
|
3361.60
|
|
3270.90
(2.77%)
|
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Results Update
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04 May 2024
|
Titan Company
|
Motilal Oswal
|
3361.60
|
4100.00
|
3533.90
(-4.88%)
|
|
Buy
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Titan Company (TTAN) posted consolidated sales growth of 21% YoY in 4QFY24, marginally better than our estimate. However, EBIT margins across segments were weak, leading to an overall 8% miss on EBITDA in 4QFY24.
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