Nomura expects consumer staples to deliver a strong start to FY27, forecasting double-digit sales growth ...More

Nomura expects consumer staples to deliver a strong start to FY27, forecasting double-digit sales growth for several companies in the June quarter. The brokerage is bullish on Nestle, Titan, Britannia, Tata Consumer and Marico, citing steady demand, pricing gains and margin support despite higher raw material costs. ...Less

Both figures were below the Street estimate. During the quarter, the company's margin reduced 239 bps to ...More

Both figures were below the Street estimate. During the quarter, the company's margin reduced 239 bps to 9.9%. Buyer growth was 14% and the average ticket sizes moved up by 6% compared to that in Q1FY23 ...Less

Titan Company Q1 Results: Titan Company on Thursday reported a 34% YoY surge in its Q1FY26 standalone net ...More

Titan Company Q1 Results: Titan Company on Thursday reported a 34% YoY surge in its Q1FY26 standalone net profit at Rs 1,030 crore versus Rs 770 crore in the year ago period. The profit after tax (PAT) was above Street's estimates of Rs 925 crore. ...Less

The Tata Group firm said its quarterly revenues were the second-best, buoyed by a strong festive demand i ...More

The Tata Group firm said its quarterly revenues were the second-best, buoyed by a strong festive demand in a near normal Ql that came after a gap of two Covid disrupted periods. ...Less

Investors would be keenly watching the management commentary over the international business expansion. B ...More

Investors would be keenly watching the management commentary over the international business expansion. Besides, they would keenly follow any commentary on the impact on demand due to import duty hike on gold. ...Less

Titan Q1 Results: Titan's EBIT grew 9.1% to Rs 1,203 crore. The jewellery segment saw a 9% increase in to ...More

Titan Q1 Results: Titan's EBIT grew 9.1% to Rs 1,203 crore. The jewellery segment saw a 9% increase in total income, with India operations growing 8%. Watches & Wearables reported a 15% growth in total income, with the domestic business rising by 14%. Titan's EyeCare segment saw a 3% increase in total income, reaching Rs 209 crore, with an EBIT of Rs 20 crore and a 9.6% margin for Q1. ...Less

The company’s standalone total income increased 14.72 per cent to Rs 4,995.64 crore. ...More

The company’s standalone total income increased 14.72 per cent to Rs 4,995.64 crore. ...Less

In its pre-quarterly update, Titan reported 13 per cent jewellery sales growth in June quarter. ...More

In its pre-quarterly update, Titan reported 13 per cent jewellery sales growth in June quarter. ...Less

Analysts in an ETNOW poll had projected a profit of Rs 398 crore. ...More

Analysts in an ETNOW poll had projected a profit of Rs 398 crore. ...Less

The Street has an action-packed day on Thursday with the release of Union Budget 2024 and earnings announ ...More

The Street has an action-packed day on Thursday with the release of Union Budget 2024 and earnings announcements from 86 BSE listed companies for the December quarter. Notable companies to watch among the Nifty companies are Adani Enterprises, Adani Ports & Special Economic Zone, and Titan Company. Other important results include Abbott India, Aether, Bata India, Castrol India, Deepak Fertilizers and Petrochemicals Corporation, GMM PFaudler, India Cements, Jyothy Labs, Jupiter Wagons, Dr Lal Pathlabs, Minda Corp, MPhasis, RITES, Texmaco Rail & Engineering, Thyrocare. ...Less

Citigroup's price target is the most optimistic among brokerage firms. It sees a 23% upside potential fro ...More

Citigroup's price target is the most optimistic among brokerage firms. It sees a 23% upside potential from the current levels. CLSA also raised its price target after seeing comprehensive growth across Titan's business segments. ...Less

Numerous companies are expected to reveal their first quarter earnings, including Titan, Hindustan Zinc, ...More

Numerous companies are expected to reveal their first quarter earnings, including Titan, Hindustan Zinc, and Delhivery. Titan's performance suffered due to high gold prices and regional competition. Analysts predicted a 6% YoY sales increase but a minor 1% decline in net profit for April-June 2024, highlighting challenges in the jewelry segment. ...Less

Here's a look at the brokers' call on Cipla, UBI and Titan Industries. ...More

Here's a look at the brokers' call on Cipla, UBI and Titan Industries. ...Less

Q4 results today: 49 companies, including Titan and Adani Green, to reveal Q4 results. Titan foresees 18% ...More

Q4 results today: 49 companies, including Titan and Adani Green, to reveal Q4 results. Titan foresees 18% revenue growth and 13% net profit rise. Watch out for updates from Titan, Britannia, MRF, Tata Tech, and other key players. ...Less

Titan Company reported a 13% YoY rise in Q4FY25 net profit to Rs 871 crore and announced an Rs 11 dividen ...More

Titan Company reported a 13% YoY rise in Q4FY25 net profit to Rs 871 crore and announced an Rs 11 dividend. Total income rose 23% to Rs 14,049 crore, with strong growth in jewellery, watches, and eyewear segments. ...Less

Titan share price: Macquarie maintains Titan as its top pick in the consumer sector, expecting rising gol ...More

Titan share price: Macquarie maintains Titan as its top pick in the consumer sector, expecting rising gold lease costs for smaller players to enhance Titan's competitiveness. The brokerage also views concerns over lab-grown diamonds as insignificant. ...Less

“Avatar- The Way of Water” has managed to collect INR 300 crore in India. The movie is on its way to beco ...More

“Avatar- The Way of Water” has managed to collect INR 300 crore in India. The movie is on its way to becoming the highest-grossing film in 2022 worldwide. ...Less

Titan Company's shares have surged by more than 19% in the past year, outperforming the 10% returns of Ni ...More

Titan Company's shares have surged by more than 19% in the past year, outperforming the 10% returns of Nifty50, and are looking set for a potential 17% upside. Analyst Rajesh Palviya suggests that the stock has strong momentum, and there is an expected breakout zone of 2,900 levels based on the formation of a "rounding bottom" pattern. Meanwhile, Sharekhan has retained a 'buy' rating on Titan and believes its revenue growth target of 20% CAGR between FY2022 and FY2027, along with consistent margin improvements, will lead to significant cash flow improvements. ...Less

On Thursday, Titan reported a 9% year-on-year (YoY) growth in its standalone net profit at Rs 1,040 crore ...More

On Thursday, Titan reported a 9% year-on-year (YoY) growth in its standalone net profit at Rs 1,040 crore in the third quarter. It was Rs 951 crore a year ago. The profit figure was lower than the ET NOW poll estimate of Rs 1,159 crore. Revenue from operations jumped 20% YoY to Rs 13,052 crore in the reporting quarter, compared with Rs 10,875 crore in the last year quarter. ...Less

The firm, in its quarterly business update last month, had said it has witnessed "strong demand" across i ...More

The firm, in its quarterly business update last month, had said it has witnessed "strong demand" across its consumer businesses and clocked 36 per cent growth over the festive quarter last year. ...Less

Jhunjhunwala and his better half Rekha Jhunjhunwala owned a 5.05 per cent stake in Titan as of March 31, ...More

Jhunjhunwala and his better half Rekha Jhunjhunwala owned a 5.05 per cent stake in Titan as of March 31, 2022. The June quarter shareholding data is yet to be out. This 5.05 per cent Big Bull stake was valued at Rs 9,646 crore as of today compared with Rs 9,026 crore on Wednesday, up Rs 620 crore. ...Less

Titan Q1FY26 results: Titan Company posted a 20% YoY rise in consumer business and 18% growth in jeweller ...More

Titan Q1FY26 results: Titan Company posted a 20% YoY rise in consumer business and 18% growth in jewellery for Q1FY26, expanding its retail presence to 3,322 stores amid gold price volatility. ...Less

Nomura has raised its target price for Tata’s Titan Company to Rs 4,500, citing strong demand and festive ...More

Nomura has raised its target price for Tata’s Titan Company to Rs 4,500, citing strong demand and festive-season jewellery sales. The stock has gained 15% this year. Titan reported 22% revenue growth in Q2 FY26, with jewellery sales up 18.8%. Margins remain steady despite gold price pressure, though risks exist from high gold prices and competition. Nomura forecasts strong earnings growth at a 24% CAGR through FY28. ...Less

Possible gains from better than expected Q2 earnings and impending foreign fund flows is being checked by ...More

Possible gains from better than expected Q2 earnings and impending foreign fund flows is being checked by uncertainty over stimulus and rising infections in western world. ...Less

Any sudden jump in gold price is detrimental for jewellery volumes, as consumers delay purchases, waiting ...More

Any sudden jump in gold price is detrimental for jewellery volumes, as consumers delay purchases, waiting for a correction. ...Less