🤔 How Big is Titan🤔

Tanishq is a well-known and trusted brand that comes to mind when considering purchasing jewellery. Titan has you covered when it comes to buying a watch, from clocks to sports watches. With Fastrack under its belt, this trend extends to sunglasses as well.

🌟🌟A holistic view of Titan's Business Verticals🌟🌟

⭐ About the Company:
Titan has evolved from a watch manufacturer to an enviable lifestyle company, with jewellery being the leading vertical (85 % of revenues). A robust distribution network of 2175+ stores spread across 2.8 million square feet.

👉 Titan has consistently demonstrated its ability to gain market share in a challenging industry environment due to its strong balance sheet (30%+ RoCE and cash & investments worth | 1500+ crore) and strong brand patronage.

✨ Brands of Titan at a Glance ✨

⌚Watches⌚
Titan is one of India’s leading watch brands. Each market segment is served by a different product from the company. As a result, the company now controls more than 60% of the organised domestic watch market belt. Companies brand portfolio includes Xylus, Nebula, Favre Leuba, Fastrack, Sonata, Titan and Zoop.

💍 Jewellery💍
Titan's jewellery division primarily consists of four brands: Zoya, Tanishq, CaratLane, and Mia. Titan has a market share of around 3.2 %, followed by Kalyan Jewellers India Pvt. Ltd, which has a market share of 3.7 %.
Tanishq is their most well-known brand, with more than 350 stores spread across 200 cities. Zoya caters to the premium market segment, while CaratLane is the largest online jeweller.

👓 Eyewears 👓
Titans eyewear includes brands like Titan eye plus, Glares, and Fastrack.
These typically serve the mid-market and mass-market segments.

🍹Perfume🍹
Skinn and Fastrack are their flagship brands in the perfume category which caters to the mid-market and mass-market segments. This segment has suffered due to the pandemic because lockdowns and restrictions on movement have caused its audience to stay at home, reducing their use of perfumes. Now, this vector is also doing well as everything is getting normal once again.

🥻 Sarees🥻
After launching its Taneira saree brand, the company expanded into the clothing industry. Taneira has 14 stores in six cities and is expanding its presence throughout India.

📈 Titan's Stock performance 📈
👉 Titan company's shares were listed on the stock exchange in September 2004. The stock price has risen dramatically since then. The stock price has increased by around 410 % in the last five years, from Rs 491 per share to more than Rs 2500 per share.

👉 Titan company's stock has been volatile since the beginning of this year. This is primarily due to the bearish market and the ongoing Russia-Ukraine conflict. The stock peaked at 2712 in March and fell to 2310 in January.

👉 Titan company has a market capitalization of Rs 2,21,196.63 crores.

🌱 Factors which can drive future performance 🌱
❥ The company is now focusing on cutting costs and effectively managing its expenses, especially after being severely impacted. It is progressing by utilising cutting-edge technology to provide more innovative products to its customers.
❥ They have added an augmented reality feature to their Tanishq and Titan EyePlus websites.
❥ It also formed alliances with e-commerce behemoths like Amazon, Myntra, and Flipkart in order to boost sales.
❥ Tanishq's penetration in the Indian jewellery market is still in its early stages (<10% market share). Titan has a huge opportunity to increase its market share as a result of this. Mandatory gold hallmarking would further enhance market share gains from unorganised space.

💡Opinion:
On every dip, one can invest in the stock and accumulate it. Premium valuations are justified by the company's high growth potential, and it can grow even further from here.