Titan sparkles, but stock remains pricey
2 years, 1 month ago

Titan sparkles, but stock remains pricey

Live Mint  

Titan Co. Ltd’s September quarter results have many bright spots. Standalone earnings before interest and tax margin of Titan’s mainstay jewellery business was 15.3% last quarter, clocking about 180 basis points increase, sequentially. View Full Image At a high Tweak in IBC to turn sick firms around faster Adani plans retail bond sale worth ₹2,000 crore What gives TVS an edge over Hero? “Titan has a strong runway for growth, considering its market share of sub-10% in jewellery and the continuous struggles faced by unorganized and organized peers," said a report by Motilal Oswal Financial Services Ltd dated 4 November. “The stock’s near-term multiples appear expensive, but its long runway for profitable growth warrants premium multiples," said the Motilal Oswal report.

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History of this topic

Titan faces pressure in solitaire
1 month, 2 weeks ago

Titan faces pressure in solitaire

Live Mint  

MUMBAI : Titan Co. Ltd’s jewellery business revenue growth of 26% year-on-year for the September quarter, excluding bullion sales, was propelled by a reduction in custom duty to 6% from 15%. “The current state of flux that is weighing on consumer sentiment for solitaires could gradually impact the non-solitaire segment as well," they said in a report on 6 November, …

Titan Company Q2 Results Live: Profit Falls by 23.06% YoY
1 month, 2 weeks ago

Titan Company Q2 Results Live: Profit Falls by 23.06% YoY

Live Mint  

Titan Company Q2 Results Live : Titan Company declared its Q2 results on 05 Nov, 2024, reporting a 16% increase in topline revenue year-over-year, despite a significant profit decline of 23.06%. In terms of stock performance, Titan Company has delivered a -1.62% return over the last week, -1.24% over the past six months, and a significant -12.11% year-to-date return. As …

Titan share price falls over 3% after weak Q2 results; Should you buy, sell, or hold the Tata Group stock?
1 month, 2 weeks ago

Titan share price falls over 3% after weak Q2 results; Should you buy, sell, or hold the Tata Group stock?

Live Mint  

Titan share price declined over 3% on Wednesday after the company reported a sharp fall in net profit for the second quarter of FY25 impacted by a cut in customs duty on gold imports. Brokerages cut target Brokerages have reduced their target prices on Titan Company shares and also cut earnings per share estimates after weak Q2 results and margin …

Titan Company Q2 net profit falls 23% to ₹704 crore
1 month, 2 weeks ago

Titan Company Q2 net profit falls 23% to ₹704 crore

The Hindu  

Titan Company Ltd. for the second quarter ended September 30 reported 23% drop in consolidated net profit at ₹704 crore as compared with ₹916 crore in the year ago period due to impact of normalisation of custom duty cut. The company’s consolidated revenues from sale of products and services increased 26% to ₹13,473 crore in over ₹10,708 crore in the …

Titan Q2 Results: Net profit falls 23% to ₹704 crore; revenue rises 25.8% YoY
1 month, 2 weeks ago

Titan Q2 Results: Net profit falls 23% to ₹704 crore; revenue rises 25.8% YoY

Live Mint  

Titan Company Ltd announced its July to September quarter results on Tuesday, November 5. The company recorded a 23 per cent fall in net profits to ₹ ₹704 crore in the second quarter of the financial year 2024-25, compared to ₹916 crore in the same quarter the previous year, according to the company's BSE filing. The company's revenue from core …

Titan share price gains ahead of Q2 results today; profit could fall 27% YoY on one-time exceptional charge
1 month, 2 weeks ago

Titan share price gains ahead of Q2 results today; profit could fall 27% YoY on one-time exceptional charge

Live Mint  

Titan share price gained over a percent in early trade on Tuesday, November 5, as the company will announce its Q2 results today. According to estimates by Kotak Institutional Equities, Titan Company is expected to report around a 27% YoY drop in its Q2FY25 net profit due to a one-time exceptional charge. The company’s revenue during the July-September quarter is …

Titan Slips 4% After Weak Q1 Update Leads To Target Price Cuts; Here's What Analysts Say
5 months, 2 weeks ago

Titan Slips 4% After Weak Q1 Update Leads To Target Price Cuts; Here's What Analysts Say

News 18  

Titan Share Price Today: Shares of Titan Company dipped 4 per cent to Rs 3,138.10 on the BSE in Monday’s intra-day trade after the company reported a disappointing growth in jewelry business for the April-June quarter of the financial year 2024-25. Brokerage firm JPMorgan downgraded Titan Co. Ltd. to “neutral” from its earlier rating of “overweight,” after the company’s June …

Titan share price gains about 2%. Should you buy, sell or hold the stock?
1 year, 1 month ago

Titan share price gains about 2%. Should you buy, sell or hold the stock?

Live Mint  

Titan Company share price opened with gains of almost 2% on on the BSE on Monday after it reported a better-than-expected September performance led by margins beat. Titan reported net profit came 8% higher than Bloomberg consensus estimates with 19.1% jewellery growth, said analysts at CLSA. Factoring in the performance, they have increased their earning per share estimates for FY24 …

Titan shares at a new 52-week high on strong Q1 business update
1 year, 5 months ago

Titan shares at a new 52-week high on strong Q1 business update

Live Mint  

Shares of jewellery and watches maker Titan Company rallied over 3% on Friday after the company reported revenue growth of 20% in the first quarter of fiscal 2024 on the back of robust all-round performance. Titan Company said it registered a 20% year-on-year revenue growth with all key consumer businesses exhibiting double-digit growth for the April-June quarter of the current …

Buy or sell: Titan share price jumps after better-than-expected Q4 results
1 year, 7 months ago

Buy or sell: Titan share price jumps after better-than-expected Q4 results

Live Mint  

Buy or sell stock for today: After better-than-expected Q4 results announced on Wednesday, Titan Company shares have been witnessing buying interest among stock market bulls. According to stock market experts, Titan share price is looking positive on chart pattern and after strong Q4 results, this Rekha Jhunjhunwala portfolio stock is expected to pick momentum in near term and hit ₹2,800 …

Titan shares gain 3% as JPMorgan stays ’overweight’, expects 25% upside
1 year, 9 months ago

Titan shares gain 3% as JPMorgan stays ’overweight’, expects 25% upside

Live Mint  

Shares of Titan Company Ltd surged nearly 3 per cent in the opening session on Thursday after global brokerage firm JPMorgan maintained an "overweight" stance on the stock. The global research firm expects the Tata group stock to hit a target of ₹3,000 per share, suggesting a 25 per cent upside potential from the current market price. “Our recent meetings …

Titan's Q2 Result: Profit After Tax Jumps 33% To Rs 857 Crore, Revenue Up 21%
2 years, 1 month ago

Titan's Q2 Result: Profit After Tax Jumps 33% To Rs 857 Crore, Revenue Up 21%

News 18  

Tata group company Titan on Friday posted a 33 per cent jump in its standalone profit after tax to Rs 857 crore for the September 2022 quarter. Titan’s standalone revenue jumped 21.8 per cent y-o-y to Rs 8,730 crore in the September 2022 quarter, compared with Rs 7,170 crore in the year-ago quarter. Its Ebitda during the September 2022 quarter …

Titan Company Jumps 8% After Sales Nearly Triple in Q1; Should you Buy, Sell or Hold?
2 years, 5 months ago

Titan Company Jumps 8% After Sales Nearly Triple in Q1; Should you Buy, Sell or Hold?

News 18  

Titan Share Price: Titan Company’s stock price zoomed 8 per cent to Rs 2,170.95 on the BSE in Thursday’s intra-day trade after the company said its total sales in the first quarter of fiscal 2022-23 grew 205 per cent year-on-year led by strong wedding demand and a low base. Kotak Securities, taking note of the robust growth in Titan’s business …

Rakesh Jhunjhunwala Stockholding: Titan Co Finishes March 2022 Quarter 'On Satisfactory Note'
2 years, 8 months ago

Rakesh Jhunjhunwala Stockholding: Titan Co Finishes March 2022 Quarter 'On Satisfactory Note'

News 18  

Tata group company Titan on Wednesday said it has finished the March 2022 quarter “on a satisfactory note” despite the Omicron wave impact and global uncertainties. The company’s revenue from the segment rose four per cent year-on-year in the March 2022 quarter on the back of strong Q4 FY21 base. “Though the plain jewellery category bore the brunt of gold …

Titan Q2 results: NET PTOFI
3 years, 1 month ago

Titan Q2 results: NET PTOFI

Live Mint  

Titan Company on Wednesday reported a consolidated net profit of ₹641 crore, a growth of 270%, for the second quarter ended 30 September, 2021. The watches-and-wearables business recorded an income of ₹687 crore with 72 per cent growth in Q2 FY22 compared to ₹400 crore in Q2 FY21. The eyewear business recorded an income of ₹160 crore with 70 per …

Titan’s return to growth in Q3 fails to add lustre to its stock valuations
3 years, 10 months ago

Titan’s return to growth in Q3 fails to add lustre to its stock valuations

Live Mint  

Sales growth is back at Titan Co. Ltd. The jewellery retailer’s standalone operating revenues for the December quarter rose by 12% year-on-year. Titan derives a lion’s share of its revenues from the jewellery business, which understandably suffered a setback owing to the covid-19 restrictions in previous quarters. In the December quarter, jewellery revenues excluding bullion grew 16% y-o-y, boosting overall …

Titan loses sheen as Street wakes up to reality of weak Q1 earnings
4 years, 4 months ago

Titan loses sheen as Street wakes up to reality of weak Q1 earnings

Live Mint  

The Titan Co. Ltd stock lost some more of its shine after reporting lacklustre results for the June quarter. Total operating revenue declined by 62% year-on-year to ₹1,862 crore, primarily due to a 71% drop in Titan’s mainstay jewellery business. “The management is not as sanguine about a quick recovery in the jewellery business; down-trading and price competition from local …

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