Buy Titan Company, target price Rs 3795: Motilal Oswal

Motilal Oswal has buy call on Titan Company with a target price of Rs 3795. The current market price of Titan Company Ltd. is Rs 3258.5.

Titan Company Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 290306.07 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 30-06-2023, the company reported a Consolidated Total Income of Rs 12011.00 Crore, up 14.67 % from last quarter Total Income of Rs 10474.00 Crore and up 26.60 % from last year same quarter Total Income of Rs 9487.00 Crore. Company reported net profit after tax of Rs 756.00 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 52.9 per cent stake in the company as of 30-Jun-2023, while FIIs owned 18.53 per cent, DIIs 10.42 per cent.