Titan Company Ltd (TITAN)

Titan Shares Rise Following Customs Duty Cut on Precious Metals - 24 Jul, 2024

Titan Company Ltd's share price rose following the Indian government's decision to reduce import duties on precious metals. Analysts predict that this will lead to lower gold prices and increased demand for jewellery, benefiting companies like Titan. Macquarie and Emkay Global have raised their earnings per share estimates for Titan. Additionally, Gaurang Shah has predicted a target price of Rs 4100 for Titan stock within one year.

Titan Shares Surge After Customs Duty Cut on Precious Metals - 23 Jul, 2024

Shares of Titan Company surged by up to 12% during intraday trading after Finance Minister Nirmala Sitharaman announced a reduction in customs duty on gold, silver, and platinum. The move is expected to benefit companies like Titan and Kalyan Jewellers, enabling them to optimize their supply chains and increase profit margins while passing cost savings onto consumers.

Titan Shares Show Signs of Bullish Reversal - 21 Jul, 2024

Titan Company Ltd's double bottom structure and massive volume activity indicate a bullish reversal. Investors may buy shares within the Rs 3,235-3,265 range, targeting a potential price increase to Rs 3,575 while setting a stop-loss order around Rs 3,090 based on daily closing prices.

Titan Company Faces Slowdown in Demand Due to High Gold Prices - 18 Jul, 2024

According to experts, Titan Company may face a slowdown in demand due to resistance towards higher gold prices. This is because of the strong rally in underlying commodity prices and until people psychologically accept these higher prices, there may be less offtake.

Titan Company's Tanishq Hopes for Rationalisation in Duty on Gold Imports - 16 Jul, 2024

Tanishq, the jewellery retail brand of Titan Company, is hoping for rationalisation in duty on gold imports in the Budget for 2024-25. The company plans to add 60-70 stores in the coming months.

CLSA Outperforms Titan with Target Cut - 15 Jul, 2024

Despite a challenging Q1FY25, CLSA has given an outperform call on Titan with a target cut to Rs. 3,948 per share. The company is expected to grow sales broadly in line and customer growth remains positive despite headwinds. However, estimates have been lowered due to Q1 weakness and elevated gold prices.

Titan's Tanishq Sees Increased Interest in Gold Despite Rising Prices - 13 Jul, 2024

CEO of Titan's jewellery division, Ajoy Chawla, says rising gold prices have led to increased interest among customers for the yellow metal. In Q1 2024, gold prices jumped 20% YoY, but customers are still interested due to its returns. Volume sales may be affected by skyrocketing prices, but it is not a concern for Tanishq.

Titan Stock Downgraded by JPMorgan After Disappointing Q1 Results - 08 Jul, 2024

Shares of Titan Company fell nearly 4 percent on July 8 as the stock was downgraded by JPMorgan to neutral from overweight rating earlier after the Tata group company shared its June quarter business update. Titans jewellery business posted a 9 percent revenue growth in the June quarter, falling short of already lowered expectations, according to JPMorgan. Consequently, they have reduced Titans Earnings Per Share (EPS) estimate for FY25-27 by 5-6 percent.

Titan Reports Growth in Jewellery and Watches Business - 07 Jul, 2024

Titan Company Ltd reported growth of nearly 8% in its jewellery domestic operations, while the watches and wearables business grew by 15% YoY. The overall consumer demand was relatively muted due to high gold prices and low wedding days.

Titan Reports 9% YoY Revenue Growth in Q1 FY25 - 06 Jul, 2024

Titan Company Ltd reported a revenue growth of 9% YoY for Q1 FY25, with its jewellery division contributing over three-fourths of its revenue and adding 34 stores. The Watches & Wearables Division grew 14% YoY, while Taneira's revenue grew 4% YoY. Fragrances & Fashion Accessories revenue gained 4% YoY. Titan added 61 stores during the quarter, taking its total retail network presence to 3,096 stores.

Titan Reports Growth in Q1 FY25 Despite External Challenges - 05 Jul, 2024

Titan Company Ltd. reports a 9% YoY growth in Q1 FY25 despite external challenges such as high gold prices and increased competition. Kotak Institutional Equities downgraded the stock to reduce from add due to unfavourable risk-reward ratio.

Titan partners with Rhythm - 02 Jul, 2024

Titan partners with Rhythm launches jewellery brand Tanishq in Bangladesh

Titan Expands Tanishq's Presence in Bangladesh - 29 Jun, 2024

Titan Company has executed a joint venture agreement with Rhythm Jewelry to establish a joint venture company in Bangladesh for manufacturing, marketing and retailing of jewellery products. Additionally, Titan is expanding Tanishq's presence in the international market by launching it in Bangladesh through a joint venture with Rhythm Group.

Titan Company Launches Premium Sunglasses Retail - 28 Jun, 2024

Titan Company has launched its first exclusive brand outlet in Bengaluru, RUNWAY from the House of Titan, for premium sunglasses retail. The company estimates the Indian Premium Sunglasses market to be Rs 800 crore with a projected CAGR of 10%. This presents a compelling opportunity for a curated shopping experience.

Titan Co. Ex-Dividend Date; BlackRock Buys Shares in Titagarh Rail - 27 Jun, 2024

Titan Company Ltd's ex-dividend date for a dividend of Rs 11 per share, while Blackrock has bought over 9.46 lakh shares in Titagarh Rail Systems for Rs 153.12 crore.

Titan and Kalyan Focus on Online Growth - 26 Jun, 2024

India's top two jewelry retailers, Titan and Kalyan, have acquired online platforms Caratlane and Candere respectively in the last year. They are now targeting younger customers with lifestyle jewelry to diversify their customer base.

Titan Announces Highest Dividend Since 2010 Amidst Expansion Plans - 25 Jun, 2024

Titan Company Limited announces its highest dividend since 2010 amidst expansion plans for its optical retail brand, Titan Eye+. ICICI Direct Research recommends a sell call on Titan June futures. Titan Eye+ has recorded earnings of ₹707 cr and EBIT of ₹85 cr in FY24.