Titan Company, incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 214316.02 Crore) operating in Gems and Jewellery sector.
Titan Company key Products/Revenue Segments include Jewellery, Watches, Precious & Semi Precious Stones, Eyewear, Others, Other Operating Revenue, Scrap, Other Services for the year ending 31-Mar-2022.
Financials
The company’s top management includes Mr.S Krishnan, Mr.Bhaskar Bhat, Mr.Sandeep Singhal, Ms.Sindhu Gangadharan, Dr.Mohanasankar Sivapraksam, Mr.Pradyumna Vyas, Mr.B Santhanam, Mr.Ashwani Puri, Mr.C K Venkataraman, Mr.N N Tata, Ms.Jayashree Muralidharan. Company has B S R & Co. LLP as its auditors. As on 31-12-2022, the company has a total of 89 Crore shares outstanding.
Investment Rationale
The ongoing urban discretionary slowdown does not seem to have hit the company’s customer base. The company has the best-in-class track record, better near term growth visibility than peers and the longer-term growth opportunity is also the best of breed, thus deserving high multiples.
Promoter/FII Holdings
Promoters held 52.9 per cent stake in the company as of 31-Dec-2022, while FIIs owned 17.53 per cent, DIIs 10.9 per cent.
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