Tata group stock: The Titan Company, called ‘James’ of Tata Group, can see a good movement in the stock. Most brokerage firms are bulls on stock after the results of the December quarter (Q3Fy25). He says that there was a good growth from the jewelery segment. However the margin has been stable. In the December quarter, the company’s net pro fit remained stable. Whereas, revenue recorded an increase of 25.2 per cent. Titan’s shares in early trade in early trade in the trading on Thursday (6 February) recorded a decline of more than 1 per cent.
Titan: Target of upside up to 20%
Brokerage firm Antique Stock Broking Antique Stock Has retained the BUY rating on Titan. However, the target price has been reduced from Rs 4,598 to Rs 4,184. The stock closed at 3490 on 5 February 2025. In this way, the stock can show the upside of about 20 per cent in the current price.
Antic says Titan’s 3QFY25 performance remained in line with expectations. In which jewelery revenue increased by 26% (YOY) and 15% (YOY) in Ebit. The Edz sted margin was 11.2%, which was 100 BPS (YOY) below.
Jewelery EBIT Margin 272 BPS (YOY) was reduced to 9.5 per cent due to custom duty. Jewelery sales increased due to festive and strong demand in the wedding season and rising gold prices. The growing demand of the wedding season and high gold prices are expected to grow strong in the coming times. However, the growth in margin with rising competition and pressure on steded jewelery can lead to limited limited.
Antic has deducted 9% -10% in income estimates for FY26–27E, while FY25’s estimates have been retained. Brokerage has given a valuation of stock on 60X per 6 on Outlook of FY27.
Nuvama (nuvama) Has maintained a purchase advice on Titan. However, the target price has been reduced from Rs 4,182 to Rs 4,115 per share.
Brokerage says Titan recorded a strong growth in Q3Fy25. It was especially due to wedding spending and 22% SAM-Store Sales Grath. Ebit margin declined. Increasing gold prices, product mix and competition put pressure on margin. However, despite a decrease in ratio of studded jewelery, a slight decline in the core-jewelery Ebit margin is positive.
Nuwama has expressed revenue estimates +0.2%/-9.1% for fy25e/26e. Whereas in the same period, the net profit is estimated -0.5%/+0.3%.
Motilal Oswal Has retained a purchase advice on Titan with a target price of Rs 4,000 per share. Brokerage says the third quarter quarter performance of Titan has been stable.
According to the brokerage report, Titan (TTAN) is leading ahead of other branded players due to its sourcing, studded jewelery ratio, young-centered strategy and excellent competitive position in the reinvestment scheme. Tanishq’s brand recall and business model is strong. This benefits the company in competitive. Having reached 3,240 stores by December 2024. The Ebitda margin has declined due to low studded jewelery mix in FY25. It will be important to monitor the margin outlook amidst increasing competition.
Brokerage states that although the valuation of TTAN is expensive, its growth track and superb execution records make it an attractive investment option.
Centrum Broking The Titan company has also upheld the purchase advice with a target of Rs 4,026. Brokerage says Titan’s performance was according to estimates. The margin was affected by the sale of gold quin and low studded mix.
Titan: How is share move
The Titan Company shares started trading at 3495 in green mark on Thursday. However, the stock was sold in a short time and it broke up to about 2 per cent. Looking at Titan’s long term performance, the last 5 years of return is 170 percent. While the last 2 years have shown a rise of 38 percent. The return of the year has been flat. The 52 -week high of stock on BSE is 3,866 and low 3,059. The company’s market cap is more than Rs 3.04 lakh crore.
Titan: How to be Q3 results
Titan company’s net profit remained almost stable during the third quarter of the current financial year due to customs cuts. Its operating revenue in this quarter increased by 25.2 per cent to Rs 17,740 crore as compared to the previous year, while the net profit was Rs 1,047 crore. On a quarterly basis, its net profit increased by 48.7 percent while the revenue increased by 22.1 percent.
During the quarter ended December, it increased by 5.9 per cent to Rs 1,802 crore over the previous year. During this period, Tanishq’s owner’s income from jewelery business increased by 26 per cent to Rs 14,697 crore on a single basis as compared to the same quarter of the previous year.
The company’s Indian business increased by 25 per cent during the October-December 2024 quarter. In the business of watches and wearable items, he recorded an income of Rs 1,128 crore, which is 15 percent more than the same quarter of the previous year. During this time, domestic business increased by 14 percent.