Add Titan Company, target price Rs 3810: ICICI Securities

ICICI Securities has add call on Titan Company with a target price of Rs 3810. The current market price of Titan Company Ltd. is Rs 3606.05.

Titan Company Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 319762.82 Crore) operating in Gems and Jewellery sector.

Titan Company Ltd. key Products/Revenue Segments include Jewellery, Watches, Other Operating Revenue, Eyewear, Others, Precious & Semi Precious Stones, Scrap, Other Services for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company has reported a Consolidated Total Income of Rs 14300.00 Crore, up 13.02 % from last quarter Total Income of Rs 12653.00 Crore and up 22.24 % from last year same quarter Total Income of Rs 11698.00 Crore. Company has reported net profit after tax of Rs 1053.00 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 52.9 per cent stake in the company as of 31-Dec-2023, while FIIs owned 18.89 per cent, DIIs 10.21 per cent.