This TATA group stock that has generated significant wealth over the long term is in focus after it posted robust Q4 business updated for the financial year 24-25, following which the stock jumped over 6.50 percent.
Share Price Movement
With a market capitalization of Rs. 2,78,672 Crore, the stock of Titan Company opened at Rs. 3149, up 4.16 percent from yesterday’s close, and after opening, it made a high of Rs. 3,222, up 6.58 percent. Additionally, the Yearly return for the stock is -17 percent, and the past 5-year return is an impressive 207 percent.
Business Update
The company stated that it closed the Fiscal year on a strong note, clocking in robust performance across key business segments. On a consolidated basis, they posted 25 percent YoY growth for the quarter and 21 percent for the Financial year. They added 72 new stores in the quarter and reached 3,312 stores.
For the segment-wise breakup, their Jewellery segment saw a 25 percent YoY growth from Q4FY25 to Q4FY24, with 19 new store additions and a total store count of 768. CaratLane saw a growth of 22 percent, with 17 new store additions and a total store count of 323.
Watches saw a growth of 22 percent, with 41 new store additions and a total store count of 1,235. EyeCare saw a growth of 19 percent, however, their store count decreased by 9, with total store count at 898.
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Latest Brokerage Report
Brokerage firm Macquarie gave an outperform call on Titan with a target price of Rs. 4,000, which translates to an Upside of 28 percent from the current level. Macquarie cited that the company had outperformed its sales estimate for its jewellery segment. They mentioned that the growth was led by double-digit growth in ticket size and single-digit buyer growth.
Financial Highlights
The company reported a 25.24 percent YoY increase in revenue from Rs. 14,164 Crore in Q3FY24 to Rs. 17,740 Crore in Q3FY25. On a QoQ basis, the company reported an increase of 22.05 percent in revenue from Rs. 14,534 Crore in the previous quarter.
Their Net profit saw a marginal decrease of 0.56 percent YoY from Rs. 1,053 Crore to Rs. 1,047 Crore for the same period. On a QoQ basis, the company reported an impressive increase of 48.72 percent in Net profit from Rs. 704 Crore in the previous quarter.
About the Company
Titan Company Limited is a prominent Indian lifestyle company, renowned for its extensive range of products, including watches, jewellery, eyewear, and fashion accessories. Established in 1984 as a joint venture between the Tata Group and the Tamil Nadu Industrial Development Corporation (TIDCO), Titan has significantly influenced the Indian retail market by pioneering experiential retail.
Written By Abhishek Das
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