Titan Company, incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 240345.91 Crore) operating in Gems and Jewellery sector.

The NSE Nifty index closed 33.6 points up at 18348.0

The commercial space spread over 16,280 sq ft carpet area in the building, Vini Elegance, is spread across ground, first floor and upper basement.

The slowdown in sales growth for large quick-service restaurants, lifestyle, apparel, and discretionary products in India has been observed in the March quarter and in April. This slowdown is attributed to higher inflation, moderation in pent-up demand, and tighter financial conditions. While retail sales grew in strong double digits consistently over the past year, it slowed to 6% in both March and April - the slowest sales expansion in over 14 months, according to Retailers Association of India (RAI).

The NSE Nifty index closed 51.8 points down at 18129.95

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.

Prabhudas Lilladher is bullish on Titan Company has recommended buy rating on the stock with a target price of Rs 2992 in its research report dated May 03, 2023.

The stock is currently trading at 60.3x and 49.7x its FY2024E and FY2025E earnings.

HDFC Securities recommended reduce rating on Titan with a target price of Rs 2400 in its research report dated May 03, 2023.

Sharekhan is bullish on Titan Company has recommended buy rating on the stock with a target price of Rs 2950 in its research report dated May 03, 2023.

Motilal Oswal is bullish on Titan Company recommended buy rating on the stock with a target price of Rs 3080 in its research report dated May 03, 2023.

Titan Company, incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 237296.36 Crore) operating in Gems and Jewellery sector.

Titan MD CK Venkatraman stated that FY23 was exceptional in terms of sales growth, profit margin expansion, market share gain, and customer experience standards, and they are on course for their FY24 and FY27 targets. Despite the volatility in gold prices and demand slowdown earlier this year, Venkatraman believes that one fortnight's impact shouldn't worry investors.

Despite a soft March due to high gold prices, Titan's jewellery growth remains robust and the company's other businesses are scaling up quickly

Macquarie has an outperform rating on ABB India, with a target price of Rs 3750. Growth across several segments and double-digit EBIT margins in most segments were seen in the March quarter. Jefferies retained a hold rating on Havells India with a target price of Rs 1335, citing that most positives appear priced-in at the current PE. JPMorgan has an overweight rating on Cholamandalam Investment & Finance with a target price of Rs 1020 as the company recorded a margin improvement and maintained system-leading growth. Emkay maintained its hold rating on Titan Company with a target of Rs 2620, post March quarter results.

Titan reported higher-than-estimated Q4FY23 earnings with a standalone net profit of INR 734 crores, up 50% YoY, and a 33% YoY surge in revenue to INR 9,704 crores. The future outlook for the company remains mixed, with Phillip Capital maintaining a 'Buy' citing the company's long-term drivers remaining intact, whereas Emkay prefers to remain conservative and hold due to weak macros. Prabhudas Lilladher has maintained a 'Buy' recommendation for Titan as strong revenue print continues across all key business segments despite disappointment in margins.

In the jewellery division, Titan reported 19 percent same-store sales growth and 10-11 percent buyer growth per store

The analysts expected it to report year-on-year growth of 50 percent in its standalone profit after tax (PAT) at Rs 737 crore.

A poll of brokerages has pegged Titan's EBITDA margin at 11.6 percent, improving from 10.7 percent in the year-ago period

The NSE Nifty index closed 149.95 points up at 18065.0

Titan Company, incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 233447.81 Crore) operating in Gems and Jewellery sector.

"The benevolent imperialism, the warrior spirit, the cultural bounty and the opulence of the Golden Age are synonymous with the Chola dynasty. The Chola collection are limited edition coins, which truly evoke a sense of pride," a company statement said, adding they would instantly transport the wearer into the "Golden Era".