Titan Company Ltd Performance
Open
3259.85
Traded Value (Cr)
603.91 Cr
Prev. Close
3259.85
VWAP
3266.63
Volume
20,54,981
Face Value
1
Titan Company Ltd Fundamentals
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Fundamentals
Fundamentals in the stock market refer to the underlying financial and qualitative factors that determine the value and performance of a company's stock.
Market Cap:
Market capitalization (market cap) is a financial metric used to gauge the value of a publicly traded company in the stock market. It represents the total worth of a company's outstanding shares. Calculated by multiplying the current market price per share by the total number of outstanding shares, market cap reflects the company's size and significance in the market.
PB Ratio:
The Price-to-Book (P/B) ratio is a financial metric used to evaluate a company's stock price relative to its book value per share (BVPS). It is calculated by dividing the market price per share by the book value per share. The book value per share is determined by subtracting a company's total liabilities from its total assets and dividing the result by the total number of outstanding shares.
ROE:
Return on Equity (ROE) is a fundamental financial ratio used in the stock market to assess a company's profitability and efficiency in generating profits from shareholders' equity. It measures the amount of net income a company generates as a percentage of its shareholders' equity. ROE is calculated by dividing a company's net income by its average shareholders' equity during a specific period, usually a year. ROE is a crucial metric for investors as it indicates how effectively a company is utilizing shareholders' equity to generate profits. A higher ROE typically suggests that the company is more efficient in utilizing its equity capital to generate returns for shareholders.
EPS (TTM):
EPS (TTM) stands for Earnings Per Share (Trailing Twelve Months) in the stock market. It is a financial metric that measures a company's profitability by dividing its total earnings over the past twelve months by the total number of outstanding shares. The EPS (TTM) figure provides investors with insight into a company's profitability on a per-share basis over a specific period, which allows for better comparison across different companies and industries. It is often considered a key indicator of a company's financial health and performance. EPS (TTM) is calculated by taking the sum of a company's net income from continuing operations over the past four quarters and dividing it by the weighted average number of outstanding shares during the same period. Investors use EPS (TTM) to assess a company's ability to generate profits and to determine the potential return on investment from holding its stock. Higher EPS (TTM) values generally indicate stronger profitability, while declining or negative EPS (TTM) may signal financial challenges or declining performance.
P/E Ratio (TTM):
The P/E Ratio (TTM) in the stock market stands for Price-to-Earnings Ratio (Trailing Twelve Months). It is a fundamental financial metric used by investors to evaluate the valuation of a company's stock relative to its earnings per share (EPS) over the past twelve months. To calculate the P/E Ratio (TTM), you divide the current market price per share of a company's stock by its earnings per share over the trailing twelve months. The ratio indicates how much investors are willing to pay for each rupee of the company's earnings. A high P/E Ratio suggests that investors are willing to pay more for each rupee of earnings, possibly indicating high growth expectations or optimism about the company's future prospects. Conversely, a low P/E Ratio may suggest undervaluation or concerns about the company's growth potential.
Debt to Equity Ratio:
The Debt to Equity (D/E) ratio is a financial metric used to evaluate a company's financial leverage by comparing its total debt to its total shareholders' equity. It reflects the proportion of a company's funding that comes from debt compared to equity. To calculate the D/E ratio, divide the total debt by the total equity. Debt includes all liabilities such as loans, bonds, and other forms of debt financing, while equity represents the shareholders' ownership in the company. A high D/E ratio indicates that a company relies more on debt financing, which can amplify returns but also increases financial risk due to interest payments and debt obligations. Conversely, a low D/E ratio suggests a conservative financial structure with less reliance on debt financing.
Dividend Yield:
Dividend yield is a financial metric used to measure the return on investment from owning a particular stock, specifically in terms of the dividends paid out to shareholders. It represents the percentage of the current market price of a share that a company pays out annually in dividends. To calculate dividend yield, divide the annual dividend per share by the current market price per share, and then multiply the result by 100 to convert it to a percentage. For instance, if a company pays ₹2 in dividends per share annually and its stock is trading at ₹50 per share, the dividend yield would be 4% (₹2/₹50 * 100)
Book Value:
Book value, in the context of the stock market, refers to the net asset value of a company's equity as recorded on its balance sheet. It represents the value of a company's assets minus its liabilities and intangible assets, such as goodwill. To calculate book value per share, you divide the total book value of equity by the total number of outstanding shares. This figure provides investors with insight into the financial health and the underlying asset value of a company. Book value serves as a fundamental measure of a company's intrinsic worth. It is particularly useful for investors who adopt a value investing approach, as it helps determine whether a stock is undervalued, overvalued, or fairly priced relative to its book value per share.
Titan Company Ltd F&O
Titan Company Ltd Financials
Titan Company Ltd Shareholding Pattern
| Held By | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|
| Promoters | 52.90 % | 52.90 % | 52.90 % | 52.90 % |
| FII | 19.00 % | 18.89 % | 19.05 % | 18.53 % |
| Retail | 15.38 % | 15.56 % | 15.71 % | 15.66 % |
| Others | 7.26 % | 7.11 % | 7.06 % | 7.39 % |
| Mutual Funds | 5.46 % | 5.54 % | 5.28 % | 5.52 % |
Promoters
FII
Retail
Others
Mutual Funds
Promoters
FII
Retail
Others
Mutual Funds
Promoters
FII
Retail
Others
Mutual Funds
Promoters
FII
Retail
Others
Mutual Funds
Resistance and Support
₹3,276.63
PIVOT
 Resistance | |
|---|---|
| First Resistance | ₹3,326.267 |
| Second Resistance | ₹3,381.633 |
| Third Resistance | ₹3,431.267 |
 Support | |
|---|---|
| First Resistance | ₹3,221.267 |
| Second Resistance | ₹3,171.633 |
| Third Resistance | ₹3,116.267 |
| RSI | 25.173 |
| MACD | -132.942 |
| ADX | 38.521 |
| CCI | -178.758 |
Delivery and Volume
| Period | Delivery Volume | Traded Volume | Delivery Volume % |
|---|---|---|---|
| Day | 2,054,981 | 1,039,908 | 55.89 |
| Week | 3,120,080 | 1,785,627 | 57.33 |
| 1 Month | 1,637,758 | 969,629 | 59.61 |
| 6 Months | 2,054,981 | 1,532,460 | 74.57 |
Period
Day
Week
1 Month
6 Months
Delivery Volume
2,054,981
3,120,080
1,637,758
2,054,981
Traded Volume
1,039,908
1,785,627
969,629
1,532,460
Delivery Volume %
55.89
57.33
59.61
74.57
About Titan Company Ltd
Titan is India's top lifestyle company and one of the nation's most well-liked and esteemed corporate entities. It was established in 1984 as a joint venture by Tamilnadu Industrial Development Corporation (TIDCO) and TATA Group. Titan committed to establishing a plant in the Hosur industrial area of the State Industries Promotion Corporation of Tamil Nadu, Ltd., to produce quartz analog electronic watches. In 2016, the business bought the bulk of online jewelry startup Caratlane. Titan recently unveiled IRTH, a line of luxury handbags for women. It holds the lead in the areas of watches, jewellery, and eyewear because of its trustworthy brands and distinctive customer experience. The company currently operates six plants, including ones in Hosur, Coimbatore, Roorkee, Sikkim, Pantnagar, and Chikkaballapur, among other places in the nation. You can keep an eye on Titan share price today on NSE & BSE daily for better insights. C. K. Venkataraman, Director of Management Prior to being appointed Head of Sales and Marketing for the Titan brand in 2003, Mr. Venkataraman started working for Titan Company Limited, first in the advertising and marketing departments. Titan Company Limited announced bonus shares in 2011, with a record date of June 24, 2011, and a ratio of one equity share for each equity share held. Checkout daily fluctuations in Titan stock price with BlinkX.About Titan Company Share Price Today
Key Personnel of Titan Company
Titan Corporate Action
Managing Director
C K Venkataraman
Founded
1984
NSE Symbol
TITAN
Titan Company Ltd Management
| Name | Designation |
|---|---|
| N N Tata | Vice Chairman |
| Ashwani Puri | Non-Exec. & Independent Dir. |
| Dinesh Shetty | Company Sec. & Compli. Officer |
| B Santhanam | Non-Exec. & Independent Dir. |
| Pradyumna Rameshchandra Vyas | Non-Exec. & Independent Dir. |
| Mohansankar Sivaprakasam | Non-Exec. & Independent Dir. |
| C K Venkataraman | Managing Director |
| Bhaskar Bhat | Non-Exec & Non-Independent Dir |
| Sindhu Gangadharan | Non-Exec. & Independent Dir. |
| Sandeep Singhal | Non-Exec. & Independent Dir. |
| Mariam Pallavi Baldev | Nominee (TIDCO) |
Titan Company Ltd News
The domestic equity indices concluded a turbulent session, hovering around the neutral position with a slightly negative tilt on Monday. The Nifty settled below 22,450 mark. PSU bank, consumer durables and media stocks declined while realty, IT and FMCG shares advanced.
As per provisional closing data, the barometer index, the S&P BSE Sensex, was up 17.39 points or 0.02% to 73,895.54. The Nifty 50 index lost 33.15 points or 0.15% to 22,442.70.
The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 0.95% and the S&P BSE Small-Cap index declined 1.06%.
The market breadth was weak. On the BSE, 1,297 shares rose and 2,626 shares fell. A total of 171 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, surged 13.56% to 16.60.
Economy:
Despite falling from 61.2 at the end of the previous fiscal quarter to 60.8 in April, the seasonally adjusted HSBC India Services Business Activity Index highlighted one of the strongest growth rates seen in just under 14 years. Survey members attributed the latest upturn in output to favorable economic conditions, demand strength and rising intakes of new work.
Despite coming in below the Flash estimate (62.2), the final HSBC India Composite PMI Output Index still signaled a substantial rate of expansion across the private sector. At 61.5 in April (March: 61.8), the latest reading was one of the highest seen in close to 14 years.
As was the case for output, manufacturers continued to note a stronger increase in new business intakes than service providers. Aggregate sales rose sharply, and at one of the fastest rates since mid-2010. Goods producers also led April's rise in payroll numbers, with softer growth in the service economy curbing job creation at the composite level.
Meanwhile, in the third consecutive weekly decline, India’s forex reserves dropped $2.412 billion to $637.922 billion during the seven days ended April 26, according to the RBI data.
For the week ended April 26, the foreign currency assets — a major component of the reserves — decreased $1.159 billion to $559.701 billion, the data released on Friday showed.
Gold reserves decreased $1.275 billion to $55.533 billion during the week. The special drawing rights (SDRs) were up $15 million to $18.048 billion, said the RBI.
India’s reserve position with the IMF was also up $8 million to $4.639 billion in the reporting week, the apex bank data showed.
IPO Update:
The initial public offer (IPO) of Indegene received 3,52,13,871 bids for shares as against 2,88,66,677 shares on offer, according to stock exchange data at 15:40 IST on Monday (06 May 2024). The issue was subscribed 1.22 times.
The issue opened for bidding on Monday (6 May 2024) and it will close on Wednesday (8 May 2024). The price band of the IPO is fixed at Rs 430 to Rs 452 per share. An investor can bid for a minimum of 33 equity shares and in multiples thereof.
Buzzing Index:
The Nifty PSU Bank index slipped 3.66% to 7,252.85. The index fell 4.63% in three consecutive trading sessions.
Punjab National Bank (down 6.41%), Canara Bank (down 5.41%), Bank of Baroda (down 3.64%), Union Bank of India (down 3.15%), State Bank of India (down 2.84%), Bank of India (down 2.47%), Central Bank of India (down 2.46%), Bank of Maharashtra (down 2.34%), Indian Overseas Bank (down 2.26%) and Indian Bank (down 2.24%) declined.
The lending companies and PSU banks stocks declined after Reserve Bank of India (RBI)’s circular proposing stricter guidelines on project financing. RBI guidelines on project finance includes that 5% general provisions should be made on all existing and fresh project loans which are in the 'construction phase', meaning before commercial operations commence.
Stocks in Spotlight:
Titan Company dropped 7.18% after the company’s standalone net profit tumbled 24.42% to Rs 786 crore on 22.18% decrease in revenue from operations to Rs 10,047 crore for Q4 FY24 over Q3 FY24. For year on year basis, The Tata Group company reported 7.08% rise in standalone net profit and 17.47% jumped in Revenue from operations for Q4 FY24 over Q4 FY23.
Kotak Mahindra Bank jumped 5.01% after the bank reported 18% rise in standalone net profit to Rs 4,133 crore in Q4 FY24 from Rs 3,496 crore in Q4 FY23. Total income of the bank increased by 27% YoY to Rs 15,285.35 crore during the period under review.
Avenue Supermarts (Dmart) shed 0.07%. Dmart said that its consolidated net profit jumped 22.41% to Rs 563.25 crore in Q4 FY24 as compared with Rs 460.13 crore in Q4 FY23. Revenue from operations increased 20.13% to Rs 12,726.55 crore in the quarter ended 31 March 2024.
Britannia Industries rallied 6.65%. The company said that its consolidated net profit declined 3.76% to Rs 536.61 crore in Q4 FY24 as compared with Rs 557.60 crore in Q4 FY23. Revenue from operations increased 5.45% to Rs 4,104.07 crore in the quarter ended 31 March 2024 as compared with Rs 3892.02 crore posted in the quarter ended 31 March 2023.
Mangalore Refinery & Petrochemicals (MRPL) dropped 8.75% after the company reported 40.41% decline in standalone net profit to Rs 1,136.84 crore in Q4 FY24 from Rs 1,907.98 crore recorded in Q4 FY23. Revenue from operations (excluding excise duty) fell marginally to Rs 25,328.67 crore in Q4 FY24 as compared to Rs 25,365.43 crore recorded in Q4 FY23.
Tata Technologies fell 3.77% after the IT firm reported 7.63% decline in consolidated net profit to Rs 157.24 crore in Q4 FY24 as compared with Rs 170.22 crore in Q3 FY24. Revenue from operations rose marginally to Rs 1,301.05 crore in Q4 FY24 as compared with Rs 1,289.45 crore in Q3 FY24.
Kansai Nerolac Paints shed 0.23%. The paint major reported 8% rise in standalone net profit to Rs 102 crore on a 4% increase in net revenue to Rs 1,662 crore in Q4 FY24 as compared with Q4 FY23.
Inox Wind slipped 1.40%. The wind energy service provider reported a consolidated net profit (from continuing operations) of Rs 37.67 crore in Q4 FY24 as against a net loss of Rs 115.51 crore posted in Q4 FY23. Revenue from operations stood at Rs 527.73 crore in Q4 FY24, steeply higher than Rs 190.75 crore recorded in the corresponding quarter previous year.
Ujjivan Small Finance Bank shed 1.03%. The bank said that Reserve bank of India (RBI) has approved the appointment of Sanjeev Nautiyal as the managing director (MD) & chief executive officer (CEO) of the bank for the period of 3 years with effect from 1 July 2024.
One 97 Communications (Paytm) locked in 5% lower circuit after the company announced the resignation of Bhavesh Gupta, president and chief operating officer (COO) of the company effective from 31 May 2024,citing personal reasons.
Global Markets:
European stocks advanced while most of the Asian stocks ended higher on Monday as a softer-than-expected U.S. jobs report fueled hopes that the Federal Reserve could start cutting rates soon.
Investors, meanwhile, awaited the Reserve Bank of Australia’s rate decision on Tuesday and China’s April trade data on Thursday. Japan and South Korea’s markets are closed for a public holiday.
U.S. stocks closed sharply higher Friday, as Treasury yields fell after a softer-than-anticipated April jobs report.
The Berkshire Annual Meeting 2024 on Saturday proceeded in Omaha with Warren Buffett, Greg Abel, and Ajit Jain fielding shareholder queries. Buffett spoke on a variety of issues, including the India opportunity, stock market outlook, US dollar, AI, Apple stake cuts, global investments and more.
The U.S. economy added fewer jobs than expected in April while the unemployment rate rose. Nonfarm payrolls increased by 175,000 on the month. The unemployment rate ticked higher to 3.9%, compared to 3.8% in the prior month, according to the Bureau of Labor Statistics.
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The headline equity indices traded with minor gains in mid-morning trade. The Nifty traded above the 22,450 mark. Consumer durables shares extended losses for the third consecutive trading session.
At 11:30 IST, the barometer index, the S&P BSE Sensex, was up 144.45 points or 0.20% to 74,029. The Nifty 50 index added 5.65 points or 0.03% to 22,481.50.
The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 0.76% and the S&P BSE Small-Cap index declined 0.78%.
The market breadth was weak. On the BSE, 1,258 shares rose and 2,453 shares fell. A total of 186 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, surged 12.96% to 16.51.
Economy:
Despite falling from 61.2 at the end of the previous fiscal quarter to 60.8 in April, the seasonally adjusted HSBC India Services Business Activity Index highlighted one of the strongest growth rates seen in just under 14 years. Survey members attributed the latest upturn in output to favorable economic conditions, demand strength and rising intakes of new work.
Despite coming in below the Flash estimate (62.2), the final HSBC India Composite PMI Output Index still signaled a substantial rate of expansion across the private sector. At 61.5 in April (March: 61.8), the latest reading was one of the highest seen in close to 14 years.
As was the case for output, manufacturers continued to note a stronger increase in new business intakes than service providers. Aggregate sales rose sharply, and at one of the fastest rates since mid-2010. Goods producers also led April's rise in payroll numbers, with softer growth in the service economy curbing job creation at the composite level.
Meanwhile, in the third consecutive weekly decline, India’s forex reserves dropped $2.412 billion to $637.922 billion during the seven days ended April 26, according to the RBI data.
For the week ended April 26, the foreign currency assets — a major component of the reserves — decreased $1.159 billion to $559.701 billion, the data released on Friday showed.
Gold reserves decreased $1.275 billion to $55.533 billion during the week. The special drawing rights (SDRs) were up $15 million to $18.048 billion, said the RBI.
India’s reserve position with the IMF was also up $8 million to $4.639 billion in the reporting week, the apex bank data showed.
IPO Update:
The initial public offer (IPO) of Indegene received 72,84,321 bids for shares as against 2,88,66,677 shares on offer, according to stock exchange data at 11:15 IST on Monday (06 May 2024). The issue was subscribed 0.25 times.
The issue opened for bidding on Monday (06 May 2024) and it will close on Wednesday (08 May 2024). The price band of the IPO is fixed at Rs 430 to Rs 452 per share. An investor can bid for a minimum of 33 equity shares and in multiples thereof.
Buzzing Index:
The Nifty Consumer Durables index fell 2.01% to 33,784.75. The index slipped 2.44% in three consecutive trading sessions.
Titan Company (down 6.14%), Kalyan Jewellers India (down 3.55%), Whirlpool of India (down 2.57%), Rajesh Exports (down 2.45%), Voltas (down 1.46%), Kajaria Ceramics (down 1.09%), V-Guard Industries (down 0.95%), Bata India (down 0.66%), Dixon Technologies (India) (down 0.49%) and Century Plyboards (India) (down 0.37%) declined.
On the other hand, Amber Enterprises India (up 2.79%), Crompton Greaves Consumer Electricals (up 1.15%) and Cera Sanitaryware (up 0.75%) edged higher.
Titan Company declined 6.14% after the company’s standalone net profit tumbled 24.42% to Rs 786 crore on 22.18% decrease in revenue from operations to Rs 10,047 crore for Q4 FY24 over Q3 FY24.
Stocks in Spotlight:
Kotak Mahindra Bank jumped 5.30% to Rs 1629.25 after the bank reported 18% rise in standalone net profit to Rs 4,133 crore in Q4 FY24 from Rs 3,496 crore in Q4 FY23. The bank’s total income increased by 27% YoY to Rs 15,285.35 crore during the period under review.
Seamec slipped 1.28%. The company said that CRISIL Ratings has upgraded its rating on the long-term bank facilities of the company to 'CRISIL A+/Stable’ from 'CRISIL A/Positive’.
Global Markets:
Most of the Asian stocks trading higher on Monday as a softer-than-expected U.S. jobs report fueled hopes that the Federal Reserve could start cutting rates soon. Investors, meanwhile, awaited the Reserve Bank of Australia’s rate decision on Tuesday and China’s April trade data on Thursday. Japan and South Korea’s markets are closed for a public holiday.
U.S. stocks closed sharply higher Friday, as Treasury yields fell after a softer-than-anticipated April jobs report.
The Berkshire Annual Meeting 2024 on Saturday proceeded in Omaha with Warren Buffett, Greg Abel, and Ajit Jain fielding shareholder queries. Buffett spoke on a variety of issues, including the India opportunity, stock market outlook, US dollar, AI, Apple stake cuts, global investments and more.
The U.S. economy added fewer jobs than expected in April while the unemployment rate rose. Nonfarm payrolls increased by 175,000 on the month. The unemployment rate ticked higher to 3.9%, compared to 3.8% in the prior month, according to the Bureau of Labor Statistics.
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For year on year basis, The Tata Group company reported 7.08% rise in standalone net profit and 17.47% jumped in Revenue from operations for Q4 FY24 over Q4 FY23.
Total income (excluding bullion sale) for the quarter was at Rs 10,280 crore, registering a growth of 17.4% as compared to Rs 8,753 crore posted in Q4 FY23.
Profit before tax fell marginally to Rs 977 crore in Q4 FY24 from Rs 979 crore recorded in Q4 FY23.
EBITDA jumped 9.8% to Rs 1,260 crore in Q4 FY24 as against Rs 1,148 crore posted in Q4 FY23. EBITDA margin slipped to 12.3% in the quarter ended 31 March 2024 from 13.1% posted in the same quarter last year.
EBIT was at Rs 1,139 crore in Q4 FY24, up 8.2% YoY. EBIT margin reduced to 11.1% in the fourth quarter as compared to 12% registered in Q4 FY23.
During the quarter, the company's income from jewellery business grew 19% YoY to Rs 8,998 crore in Q4 FY23. The India business grew 20% in the same period. EBIT was at Rs 1,089 crore recorded a margin of 12.1% for the quarter.
Tanishq expanded its international presence adding a new store in Dubai and Chicago, USA taking the Titan's Jewellery international footprint to 16 stores. During the quarter, Tanishq opened 11 new stores in India; Mia added 16 new stores.
Watches & wearables business recorded a total income of Rs 940 crore, up 8% compared to Q4 FY23. The domestic business grew 9% in the same period. EBIT came in at Rs 80 crore clocking a margin of 8.5% for the quarter.
Analog watches revenues grew around 9% YoY to Rs 787 crore driven by premiumization and higher average price realizations. Wearables revenues grew around 3% YoY whilst doubling in volumes compared to the same period last year. The premiumization journey continued to see good traction in Titan and Helios. The international brands analog sales saw growths of around 22% YoY in revenue assisted by approximately 13% YoY growth in volumes. During the quarter, 10 new stores were added in Titan World, 14 stores in Helios and 20 stores in Fastrack.
EyeCare business recorded total income of Rs 166 crore in Q4 FY24 was flat compared to Q4 FY23. Business recorded an EBIT of 8 crore clocking a margin of 4.8% for the quarter.
During the quarter, Titan Eye+ opened 1 new store in Dubai and converted 5 Fastrack eyewear stores to Titan Eye+ in the domestic market.
The Emerging Businesses comprising of Indian dress wear (Taneira), Fragrances, Fashion Accessories (F&FA) recorded a total income of Rs 97 crore for Q4 FY24 growing 26% compared to Q4FY23. The Businesses together recorded a loss of Rs 22 crore for Q4 FY24.
Taneira's sales grew 36% compared to Q4 FY23; Taneira launched 8 Weavershalas in Q4 taking the total tally to 18 Weavershalas across the country. The brand opened 11 new stores during the quarter, taking the total store count to 73 stores covering 37 cities.
The F&FA business grew 13% compared to Q4FY23. In key sub-segments, Fragrances grew by 9% and Women's Bags clocked 97% growth respectively (on a small base over Q4FY23).
Among subsidiaries, Caratlane Trading total income grew 29% to Rs 748 crore as compared to Q4 FY23. EBIT came in at Rs 52 crore for Q4 FY23 clocking a margin of 6.9%. Caratlane added 10 new stores in the quarter taking the total store count to 272 stores spread across 110 cities pan-India.
Titan engineering & automation (TEAL) recorded a total income of Rs 373 crore in Q4 FY24, a growth of 114% compared to Q4 FY23. EBIT for the quarter was at Rs 64 crore at a margin of 17.2%.
The Automation Solutions (AS) business grew 181% and the manufacturing services grew 33% compared to their respective Revenues of Q4 FY23. The AS business ended the quarter with a closing order book of more than Rs 500 crore.
For FY24, the company’s standalone net profit rose 6.3% to Rs 3,333 crore on 23.10% jump in revenue to Rs 47,114 crore in FY24 over FY23.
C K Venkataraman, managing director of Titan Company, said, FY24 was yet another satisfying year for Titan. Our jewellery business continued to grow in prominence achieving a proud milestone of Rs 40,000 plus crore in consumer sales. Together our brands of Tanishq, Mia, Zaya and Caratlane are meaningfully innovating and offering the best variety of choices for the discerning woman of tomorrow.
Our Wearables business is making good strides contributing to the ambitious growth targets that the business has embarked upon. The EyeCare business has re-calibrated itself in this year of consolidation and has launched exciting new product launches for the fashion-conscious youth. Taniera's expansions are gathering pace, and their stores are accessible across the length and breadth of the country. Through their 'Weavershalas' initiative, the brand is assiduously striving to protect traditional heirloom methodologies whilst embracing modernity practices.
As we look forward to FY25, all businesses of Titan Company are single-mindedly continuing to focus on satisfying the ever-evolving needs of our lifestyle consumers.
Meanwhile, the company's board has declared a dividend of Rs 11 per share. The company will be paid on or after seventh day of 40th AGM, subject to approval of the shareholders of the company.
Titan Company, a joint venture between the Tata Group and the Tamilnadu Industrial Development Corporation (TIDCO), commenced its operations in 1987 under the name Titan Watches. In 1994, Titan diversified into Jewellery (Tanishq) and subsequently into EyeCare.
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Titan Company Ltd fell 3.55% today to trade at Rs 3409.85. The S&P BSE Consumer Durables index is down 0.44% to quote at 54571.71. The index is up 2 % over last one month. Among the other constituents of the index, Rajesh Exports Ltd decreased 0.55% and Whirlpool of India Ltd lost 0.26% on the day. The S&P BSE Consumer Durables index went up 38.74 % over last one year compared to the 21.53% surge in benchmark SENSEX.
Titan Company Ltd has lost 9.19% over last one month compared to 2% gain in S&P BSE Consumer Durables index and 0.07% drop in the SENSEX. On the BSE, 14424 shares were traded in the counter so far compared with average daily volumes of 57705 shares in the past one month. The stock hit a record high of Rs 3885 on 30 Jan 2024. The stock hit a 52-week low of Rs 2656.6 on 04 May 2023.
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Revenue from operations jumped 17.47% year on year (YoY) to Rs 10,047 crore in the quarter ended 31 March 2024.
Total income (excluding bullion sale) for the quarter was at Rs 10,280 crore, registering a growth of 17.4% as compared to Rs 8,753 crore posted in Q4 FY23.
Profit before tax fell marginally to Rs 977 crore in Q4 FY24 from Rs 979 crore recorded in Q4 FY23.
EBITDA jumped 9.8% to Rs 1,260 crore in Q4 FY24 as against Rs 1,148 crore posted in Q4 FY23. EBITDA margin slipped to 12.3% in the quarter ended 31 March 2024 from 13.1% posted in the same quarter last year.
EBIT was at Rs 1,139 crore in Q4 FY24, up 8.2% YoY. EBIT margin reduced to 11.1% in the fourth quarter as compared to 12% registered in Q4 FY23.
During the quarter, the company's income from jewellery business grew 19% YoY to Rs 8,998 crore in Q4 FY23. The India business grew 20% in the same period. EBIT was at Rs 1,089 crore recorded a margin of 12.1% for the quarter.
Tanishq expanded its international presence adding a new store in Dubai and Chicago, USA taking the Titan's Jewellery international footprint to 16 stores. During the quarter, Tanishq opened 11 new stores in India; Mia added 16 new stores.
Watches & wearables business recorded a total income of Rs 940 crore, up 8% compared to Q4 FY23. The domestic business grew 9% in the same period. EBIT came in at Rs 80 crore clocking a margin of 8.5% for the quarter.
Analog watches revenues grew around 9% YoY to Rs 787 crore driven by premiumization and higher average price realizations. Wearables revenues grew around 3% YoY whilst doubling in volumes compared to the same period last year. The premiumization journey continued to see good traction in Titan and Helios. The international brands analog sales saw growths of around 22% YoY in revenue assisted by approximately 13% YoY growth in volumes. During the quarter, 10 new stores were added in Titan World, 14 stores in Helios and 20 stores in Fastrack.
EyeCare business recorded total income of Rs 166 crore in Q4 FY24 was flat compared to Q4 FY23. Business recorded an EBIT of 8 crore clocking a margin of 4.8% for the quarter.
During the quarter, Titan Eye+ opened 1 new store in Dubai and converted 5 Fastrack eyewear stores to Titan Eye+ in the domestic market.
The Emerging Businesses comprising of Indian dress wear (Taneira), Fragrances, Fashion Accessories (F&FA) recorded a total income of Rs 97 crore for Q4 FY24 growing 26% compared to Q4FY23. The Businesses together recorded a loss of Rs 22 crore for Q4 FY24.
Taneira's sales grew 36% compared to Q4 FY23; Taneira launched 8 Weavershalas in Q4 taking the total tally to 18 Weavershalas across the country. The brand opened 11 new stores during the quarter, taking the total store count to 73 stores covering 37 cities.
The F&FA business grew 13% compared to Q4FY23. In key sub-segments, Fragrances grew by 9% and Women's Bags clocked 97% growth respectively (on a small base over Q4FY23).
Among subsidiaries, Caratlane Trading’s total income grew 29% to Rs 748 crore as compared to Q4 FY23. EBIT came in at Rs 52 crore for Q4 FY23 clocking a margin of 6.9%. Caratlane added 10 new stores in the quarter taking the total store count to 272 stores spread across 110 cities pan-India.
Titan engineering & automation (TEAL) recorded a total income of Rs 373 crore in Q4 FY24, a growth of 114% compared to Q4 FY23. EBIT for the quarter was at Rs 64 crore at a margin of 17.2%.
The Automation Solutions (AS) business grew 181% and the manufacturing services grew 33% compared to their respective Revenues of Q4 FY23. The AS business ended the quarter with a closing order book of more than Rs 500 crore.
For FY24, the company’s standalone net profit rose 6.3% to Rs 3,333 crore on 23.10% jump in revenue to Rs 47,114 crore in FY24 over FY23.
C K Venkataraman, managing director of Titan Company, said, “FY24 was yet another satisfying year for Titan. Our jewellery business continued to grow in prominence achieving a proud milestone of Rs 40,000 plus crore in consumer sales. Together our brands of Tanishq, Mia, Zaya and Caratlane are meaningfully innovating and offering the best variety of choices for the discerning woman of tomorrow.
Our Wearables business is making good strides contributing to the ambitious growth targets that the business has embarked upon. The EyeCare business has re-calibrated itself in this year of consolidation and has launched exciting new product launches for the fashion-conscious youth. Taniera's expansions are gathering pace, and their stores are accessible across the length and breadth of the country. Through their 'Weavershalas' initiative, the brand is assiduously striving to protect traditional heirloom methodologies whilst embracing modernity practices.
As we look forward to FY25, all businesses of Titan Company are single-mindedly continuing to focus on satisfying the ever-evolving needs of our lifestyle consumers.
Meanwhile, the company’s board has declared a dividend of Rs 11 per share. The company will be paid on or after seventh day of 40th AGM, subject to approval of the shareholders of the company.
Titan Company, a joint venture between the Tata Group and the Tamilnadu Industrial Development Corporation (TIDCO), commenced its operations in 1987 under the name Titan Watches. In 1994, Titan diversified into Jewellery (Tanishq) and subsequently into EyeCare.
The scrip fell 0.96% to end at Rs 3,535.40 on Friday, 3 May 2024.
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Net profit of Titan Company rose 5.62% to Rs 771.00 crore in the quarter ended March 2024 as against Rs 730.00 crore during the previous quarter ended March 2023. Sales rose 21.86% to Rs 11229.00 crore in the quarter ended March 2024 as against Rs 9215.00 crore during the previous quarter ended March 2023.
For the full year,net profit rose 7.57% to Rs 3496.00 crore in the year ended March 2024 as against Rs 3250.00 crore during the previous year ended March 2023. Sales rose 23.28% to Rs 46751.00 crore in the year ended March 2024 as against Rs 37924.00 crore during the previous year ended March 2023.
| Particulars | Quarter Ended | Year Ended | ||||
| Mar. 2024 | Mar. 2023 | % Var. | Mar. 2024 | Mar. 2023 | % Var. | |
| Sales | 11229.00 | 9215.00 | 22 | 46751.00 | 37924.00 | 23 |
| OPM % | 10.61 | 11.82 | - | 11.32 | 12.87 | - |
| PBDT | 1149.00 | 1107.00 | 4 | 5207.00 | 4888.00 | 7 |
| PBT | 991.00 | 988.00 | 0 | 4623.00 | 4447.00 | 4 |
| NP | 771.00 | 730.00 | 6 | 3496.00 | 3250.00 | 8 |
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Titan Company announced that the Board of Directors of the Company at its meeting held on 03 May 2024, has recommended a Final dividend of Rs.11 per share (i.e.1100%), subject to the approval of the shareholders.
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Titan Company Ltd fell 0.36% today to trade at Rs 3592. The S&P BSE Consumer Durables index is down 0.08% to quote at 55146.36. The index is up 5.49 % over last one month. Among the other constituents of the index, Blue Star Ltd decreased 0% on the day. The S&P BSE Consumer Durables index went up 43.71 % over last one year compared to the 22.4% surge in benchmark SENSEX.
Titan Company Ltd has lost 5.59% over last one month compared to 5.49% gain in S&P BSE Consumer Durables index and 1.56% rise in the SENSEX. On the BSE, 841 shares were traded in the counter so far compared with average daily volumes of 48911 shares in the past one month. The stock hit a record high of Rs 3885 on 30 Jan 2024. The stock hit a 52-week low of Rs 2636 on 02 May 2023.
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Titan Company has received reaffirmation in credit rating for fixed deposit programme of Rs 5,300 crore at ICRA AAA; Stable.
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Titan Company will hold a meeting of the Board of Directors of the Company on 3 May 2024.
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Titan Company Ltd FAQ
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What is the share price of Titan Company Ltd?
The share price of any stock is volatile and changes during the day due to a variety of variables. Titan Company Ltd's share price is ₹3,245.70 as of May 9, 2024
What is the PE ratio of Titan Company Ltd?
Titan Company Ltd's P/E ratio is 83.20 times as of May 9, 2024.
What is the PB ratio of Titan Company Ltd?
Titan Company Ltd's most recent financial reports indicate a price-to-book ratio of 30.97, showing the company's stock market valuation in relation to the value of its real assets.
What is the market cap of Titan Company Ltd?
Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Titan Company Ltd's market is 290,861 Cr as on May 9, 2024.
What is the ROE of Titan Company Ltd?
The current financial records of Titan Company Ltd show a 37.22% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.
What is the 52-week high and low of Titan Company Ltd?
The 52-week high/low price of a Titan Company Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. Titan Company Ltd's 52-week high and low as of May 9, 2024 are ₹3322.5 and ₹3233 respectively.
What is the promoter shareholding in Titan Company Ltd?
As of the Mar 2024 quarter, the promoter shareholding in Titan Company Ltd stands at 52.90%. During the same period, Institutional Investors have shown a slight increase in their holdings, rising from 18.89% to 19.00%.