Buy Titan Company, target price Rs 4100: Motilal Oswal

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.

By ETMarkets.com | Updated: May 06, 2024, 10.18 AM IST

Promoters held 52.9 per cent stake in the company as of 31-Mar-2024, while FIIs owned 19.01 per cent, DIIs 10.26 per cent.

Motilal Oswal has buy call on Titan Company with a target price of Rs 4100. The current market price of Titan Company Ltd. is Rs 3337.05.

Titan Company Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 313867.92 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 31-03-2024, the company reported a Consolidated Total Income of Rs 12653.00 Crore, down -11.52 % from last quarter Total Income of Rs 14300.00 Crore and up 20.80 % from last year same quarter Total Income of Rs 10474.00 Crore. Company reported net profit after tax of Rs 771.00 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 52.9 per cent stake in the company as of 31-Mar-2024, while FIIs owned 19.01 per cent, DIIs 10.26 per cent.

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