Titan Company Ltd (TITAN)

Titan Co. CEO Expects Continued Discounting in Jewelry - 12 May, 2024

Ajoy Chawla, CEO of Titan's jewelry division, stated that higher discounting will continue due to low consumer demand amid elections and few wedding dates in Q2.

Titan Expects Stronger Gold Jewellery Demand in H2FY25 - 09 May, 2024

Despite margin pressure, Titan has retained its FY25 jewellery margin guidance at 12-13%. The retailer reported a 19% revenue growth in its jewellery business and noted higher YoY growth in plain gold jewellery and coins compared to studded pieces. In response to the rally in gold prices, Titan is promoting more everyday jewellery and lightweight gold pieces.

Titan Company Shares Plunge After Disappointing Q4 Results - 07 May, 2024

Titans Q4 performance was hit by lower-than-expected EBITDA margin, resulting in a significant drop in its share price. Analysts recommend accumulating the stock despite softer demand and competition. Rekha Jhunjhunwala suffers a loss of over Rs 800 crore due to the fall in Titans share price.

Titan Company Misses Analyst Estimates, Begins Search for New CEO - 06 May, 2024

Titan Company's Q4FY24 results miss analyst estimates due to weaker-than-expected jewellery margins, leading to downgraded earnings projections for FY25 and FY26. The company also begins search for a new CEO. Despite near-term jitteriness, Titan remains aggressive in its growth outlook driven by new store additions, attractive designs, and market share gains.

Titan Reports Strong FY 2024 Results and Begins Search for New CEO - 05 May, 2024

Titan Company reported strong FY 2024 results with revenue exceeding analyst estimates by 4.7%, but EPS missing estimates by 2.8%. The company is set to begin its search for a new CEO. Shares are down 1.4% from a week ago.

Titan Reports Strong Q4 Results; Shares Downgraded by Nuvama - 04 May, 2024

Titan Company reported a strong Q4 FY24 performance with a 17.47% YoY increase in revenue from operations. However, brokerage firm Nuvama downgraded the company's shares to hold with a revised target price of Rs 3,867 due to weaker jewellery margins that are expected to persist in the near term.

Titan Reports Strong Financial Results for FY24 - 03 May, 2024

Titan Company reports a strong financial performance for FY24, with consolidated PAT of Rs 3,496 crore and total income of Rs 47,501 crore. The company also declared a dividend of Rs 11 per equity share. Titan aims to improve jewellery business margins after a decline in EBIT margin for Q4 FY24 and full year.

Titan Expected to Report Strong Q4 Results - 02 May, 2024

Titan is expected to post strong Q4 results with high double-digit growth in revenue and net profit, driven by the jewellery segment. The company has already reported a 12% growth in net sales for the quarter, led by an 18% growth in standalone jewellery business. Analysts estimate that the EBITDA margin may see an uptick of 40 basis points on an annual basis.

Titan Company Ltd Falls 0.36% Today - 30 Apr, 2024

Titan Company Ltd fell 0.36% to trade at Rs 3592, while the S&P BSE Consumer Durables index is down 0.08%. The stock has lost 5.59% over the last month compared to a 5.49% gain in the index and a 1.56% rise in the SENSEX.

Titan Company's Success Attributed to Diversification Strategies - 24 Apr, 2024

A report highlights Titan Company's success in the Indian market, citing innovative strategies and diversification of its portfolio through branching into the jewelry business with Tanishq. The company's flexible resource allocation demonstrates a keen understanding of India's evolving market dynamics.

Titan in Talks with Apple for iPhone Camera Modules - 16 Apr, 2024

Titan Company is reportedly in advanced discussions with Apple to assemble and produce sub-components for the camera modules used in iPhones. If a deal is struck, it could mean a deeper network of Indian suppliers for Apple as it moves more of its operations from China.