Titan Share Price: Buy Titan Company, Rs 2900 Price Target: Motilal Oswal

has a call to buy on Titan Company with a target price of Rs 2900. The current market price is Rs 2134.45. The period given by the analyst is one year when . the price can reach the set target.

Titan Company Ltd., incorporated in 1984, is a large cap company (having a market capitalization of Rs 185698.23 Crore) operating in the gemstone and jewelry business.

The major products/revenue segments of Titan Company Ltd. include jewelry, watches, gold, eyewear, traded goods, precious and semi-precious stones, other operating income and other services for the year ending March 31, 2021.


For the quarter ended 31-03-2022, the company reported consolidated total revenue of Rs 7872.00 Crore, down -22.01% from last quarter, total revenue of Rs 10094.00 Crore and up 4.25% compared to the same quarter last year. Total income of Rs 7551.00 Crore. The company reported a net profit after tax of Rs 527.00 Crore last quarter.

Investment rationale
Titan remains India’s top choice in large-cap consumer spending, with strong earnings growth visibility and a market capitalization of around 20% over an extended period. In the jewelry industry, which is rapidly organizing, TTAN is clearly at the forefront among organized players to lead this growth. Its growth path is long, with a market share of barely 6%. Unlike other high-growth categories, the competitive intensity of organized and unorganized peers in jewelry is significantly lower. High valuations in the short term will be burned by a rapid pace of growth. It maintains the buy rating.

Promoter/Fii Holdings
The promoters held 52.9% of the company’s capital as of March 31, 2022, while the FIIs held 18.4% and the DIIs 10.21%.

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