Buy Titan Company, target price Rs 4000: Motilal Oswal

Motilal Oswal has buy call on Titan Company with a target price of Rs 4000. The current market price of Titan Company is Rs 3357.5.

Titan Company Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 307382.64 Crore) operating in Gems and Jewellery sector.

Titan Company Ltd. key Products/Revenue Segments include Jewellery, Other Operating Revenue, Watches, Eyewear, Others, Other Services for the year ending 31-Mar-2024.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 13386.00 Crore, up 5.79 % from last quarter Total Income of Rs 12653.00 Crore and up 11.45 % from last year same quarter Total Income of Rs 12011.00 Crore. Company reported net profit after tax of Rs 715.00 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 52.9 per cent stake in the company as of 30-Jun-2024, while FIIs owned 18.2 per cent, DIIs 10.61 per cent.