Titan Share Price Target 2024-2030 Fundamentals & Quarterly Results

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Titan Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 Fundamentals & Quarterly Results – Titan Company Limited, with its acronym for Tata Industries Tamil Nadu, owns a wide range of other brands, including Tanishq and Tata Eye Plus among others. As such, Titan is known to be the world’s fourth largest luxury watchmaker at present. The company is mostly involved with manufacturing operations and carries out its trading activities while shares of the firm are traded on stock markets where it has been performing admirably.Titan Share Price Target

Latest Update – Titan Company disclosed a slight decline of about one percent in its standalone net profit at 770 crores as against 770 crores in the same quarter last year. For the first quarter of this financial year, the Tata Group company’s revenue from operations grew by almost nine percent at ₹11,263 crore as against ₹10,306 crore during the corresponding previous period.

Titan Overview

The leading lifestyle firm making strides in the market today is Titan Company Ltd. It has earned its spot as a leader in horology, jewels making and spectacles through its reliable brands and diverse customer experience. Founded in 1984 as a partnership between TATA Group and Tamilnadu Industrial Development Corporation (TIDCO), this firm exemplifies success.

Company NameTitan Company Ltd
Listed atNSE & BSE
Head Office3, Sipcot Industrial Complex, Hosur-635126, Tamil Nadu, INDIA.
Board Of Directors
  • Mr.Arun Roy Chairman
  • Mr.Bhaskar Bhat Director
  • Mr.Sandeep Nanduri Director
  • Ms.Mariam Pallavi Baldev Director
  • Ms.Sindhu Gangadharan Independent Director
  • Mr.Ashwani Puri Independent Director
  • Dr.Mohanasankar Sivapraksam Independent Director
  • Mr.B Santhanam Independent Director
  • Mr.Sandeep Singhal Independent Director
  • Mr.Anil Chaudhry Independent Director
  • Mr.C K Venkataraman Managing Director
  • Mr.N N Tata Vice Chairman
Official Websitetitancompany.in

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Titan Business Profile

Titan Company Ltd., which began as a small-scale manufacturer of only one type of product in 1984, has now evolved beyond expectations. It boasts a workforce comprising over 8000 employees while being part of a larger system that comprises approximately 38,000 individuals. The company works collectively to provide superb products and services for its clients including you. Titan has over two thousand outlets and sixteen different brands today. Regardless of the massive growth it has experienced so far; however, the very essence behind its growth strategy remains ensuring that all partners benefit from it in some way through their hard work or purchases.

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Jewellery

India’s top structured jewelry retailer, it advocates Tanishq, Mia Zoya and Caratlane brands in its 898 exclusive brand outlets. The company has a market share of 7% in the jewelry field. In the first nine months of FY24, Tanishq opened 43 new stores, Mia opened 51 new stores, Zoya opened only 1 new store and Caratlane opened 40 new ones.

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Watches & Wearables

The Watches Division has about 1,080 Exclusive Brand Outlets and more than 8,000 Multi-brand Outlets. The brands TITAN, FASTRACK, Sonata, Anne Kline are among them. It has 2 manufacturing plants in Hosur and Coimbatore and 3 Assembly facilities located at Roorkee, Pantnagar and Sikkim.

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EyeCare

Titan Eye, boasting of 975 stores all across India with 14 international outlets as well, is the biggest retail chain compared to other chains. Apart from this it owns two renowned brands namely Fastrack and Titan Eye+. The 9-month period from April 2023 to December 2023 marked an addition of 9 Titan eye plus outlets apart from 3 Fast Track ones.

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Emerging Businesses

The categories that the division concentrates on include Fine Fragrances, Indian Dress Wear and Women’s Bags are its focus. Fragrance products are available in 800 plus Titan World and Fastrack outlets as well as in over 3000 MBOs. Fashion Accessories can be found at 100 plus large format stores and over 100 departmental stores in addition to being available online at Tata CLiQ, Nykaa, Myntra, Amazon, Ajio and irth.in.

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International Expansion

In fiscal year 2023, there was an expansion of the company across borders with an addition of six new shops in the United Arab Emirates, a single shop in Singapore and two shops in the United States thus building up fourteen shops internationally.

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Titan Fundamentals & Quarterly Results

MetricValue
Market Cap₹ 3,20,659 Cr.
Current Price₹ 3,612
High / Low₹ 3,887 / ₹ 3,038
Stock P/E92.8
Book Value₹ 106
Dividend Yield0.31%
ROCE22.7%
ROE32.9%
Face Value₹ 1.00
FCF Previous Year₹ 950 Cr.
Debt to Equity1.65
Debt Preceding Year₹ 9,367 Cr.
Reserves₹ 9,304 Cr.
Quick Ratio0.30
Current Ratio1.45
Free Cash Flow₹ 1,024 Cr.

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Titan Quarterly Results

MetricJun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales9,4439,16311,60910,36011,89712,52914,16412,49413,266
Expenses8,2477,91610,2629,27110,77211,11812,59911,30312,019
Operating Profit1,1961,2471,3471,0891,1251,4111,5651,1911,247
OPM %13%14%12%11%9%11%11%10%9%
Other Income446190114114125136159120
Interest65607996109140169201230
Depreciation103106113119128144154158164
Profit before Tax1,0721,1421,2459881,0021,2521,378991973
Tax %26%27%27%26%25%27%24%22%27%
Net Profit7908359137367569161,053771715
EPS in Rs8.849.3610.188.228.4810.3111.868.688.05

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CAGR Report

Metric10 Years5 Years3 YearsTTM/1 Year
Compounded Sales Growth17%21%33%22%
Compounded Profit Growth17%20%54%7%
Stock Price CAGR26%27%24%16%
Return on Equity26%27%30%33%

Titan Shareholding Pattern

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Jun 2024
Promoters52.91%52.91%52.91%52.90%52.90%52.90%52.90%52.90%
FIIs20.72%19.24%17.74%18.10%18.40%17.51%19.01%18.21%
DIIs6.11%7.21%10.87%11.13%10.21%11.23%10.29%10.68%
Government0.17%0.17%0.23%0.35%0.16%0.17%0.17%0.19%
Public20.10%20.47%18.26%17.53%18.33%18.19%17.57%17.94%
Others0.00%0.00%0.00%0.00%0.00%0.00%0.08%0.08%
No. of Shareholders1,31,6201,80,7103,22,9283,55,7745,78,2527,19,1677,49,3198,80,587

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Titan Share Price Target 2024-2030 Forecast

YearInitial TargetMid-Year TargetYear-End Target
2024₹4024.48₹4765.76₹5210.54
2025₹5315₹4995₹5963
2026₹6082₹5716₹6824
2027₹6960₹6542₹7809
2028₹7965₹7485₹8934
2029₹9113₹8565₹10226
2030₹10431₹9805₹11705

TITAN Share Price Target 2025

MonthTarget
January₹5315
February₹5421
March₹5529
April₹5345
May₹5167
June₹4995
July₹5195
August₹5403
September₹5619
October₹5731
November₹5846
December₹5963

TITAN Share Price Target 2026

MonthTarget
January₹6082
February₹6204
March₹6328
April₹6117
May₹5913
June₹5716
July₹5945
August₹6183
September₹6430
October₹6559
November₹6690
December₹6824

TITAN Share Price Target 2027

MonthTarget
January₹6960
February₹7099
March₹7241
April₹7000
May₹6767
June₹6542
July₹6804
August₹7076
September₹7359
October₹7506
November₹7656
December₹7809

TITAN Share Price Target 2028

MonthTarget
January₹7965
February₹8124
March₹8286
April₹8010
May₹7743
June₹7485
July₹7784
August₹8095
September₹8419
October₹8587
November₹8759
December₹8934

TITAN Share Price Target 2029

MonthTarget
January₹9113
February₹9295
March₹9481
April₹9165
May₹8860
June₹8565
July₹8908
August₹9264
September₹9635
October₹9828
November₹10025
December₹10226

TITAN Share Price Target 2030

MonthTarget
January₹10431
February₹10640
March₹10853
April₹10492
May₹10143
June₹9805
July₹10197
August₹10605
September₹11029
October₹11250
November₹11475
December₹11705

Official Website – titancompany.in

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