Titan Firm, included within the 12 months 1984, is a Giant Cap firm (having a market cap of Rs 221049.88 Crore) working in Gems and Jewelry sector.

Titan Firm key Merchandise/Income Segments embrace Jewelry, Watches, Treasured & Semi Treasured Stones, Eyewear, Others, Different Working Income, Scrap, Different Providers for the 12 months ending 31-Mar-2022.

Financials

For the quarter ended 30-09-2022, the corporate has reported a Consolidated Complete Earnings of Rs 9224.00 Crore, down -2.77 % from final quarter Complete Earnings of Rs 9487.00 Crore and up 22.20 % from final 12 months similar quarter Complete Earnings of Rs 7548.00 Crore. Firm has reported web revenue after tax of Rs 835.00 Crore in newest quarter.

The corporate’s high administration contains Mr.S Krishnan, Mr.Bhaskar Bhat, Mr.Sandeep Singhal, Ms.Sindhu Gangadharan, Dr.Mohanasankar Sivapraksam, Mr.Pradyumna Vyas, Mr.B Santhanam, Mr.Ashwani Puri, Mr.C Okay Venkataraman, Mr.N N Tata, Ms.Jayashree Muralidharan. Firm has B S R & Co. LLP as its auditors. As on 30-09-2022, the corporate has a complete of 89 Crore shares excellent.


Funding Rationale
Earnings progress visibility for the inventory stays robust. It has compounded earnings by~20% for an prolonged time period. Within the Jewellery trade, which is organizing at a fast area, it’s clearly on the vanguard when it comes to progress amongst organized gamers. Its runway for progress is lengthy, with a market share of ~6%. Not like different high-growth classes, the aggressive depth from organized and unorganized friends in Jewellery is significantly weaker. The structural funding case for the corporate is undamaged. The brokerage maintains its BUY ranking with a goal worth of Rs 3,080.

Promoter/FII Holdings
Promoters held 52.9 per cent stake within the firm as of 30-Sep-2022, whereas FIIs owned 16.77 per cent, DIIs 11.53 per cent.