Titan Industries

Titan ventures into eyewear segment

Posted by : karshin
Price when posted : BSE: Rs 1174.35 ( 4.20 % ), NSE: Rs. 1172.20 ( 4.05 % )

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A watch and jewellery's retail Titan Industries is to enter into eye wear segment with launch of company's latest chain Titan Eye plus....

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Posted by : Suresh27

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At the current price of Rs 1,185, the stock is trading at a multiple of 16.4 times our estimated FY11 earnings. The company’s new initiatives (prescription eyewear and precision engineering) initiated with a view to sweat assets and sustain profitability are expected to improve shareholder returns in the future. While these two segments are not expected to contribute significantly to the topline in the coming two to three years, it will help the company sustain profitability going forward.

Having said that, the volatility in gold prices, if they were to continue in the future as well, might increase risks on the sustainability of jewellery business’ margins going forward. However, gold since prices in jewellery business are pass-through in nature, there is no real concern in case these were to rise gradually in the future. As for the risks, the management has indicated that a prolonged economic slowdown is what can impact its growth in the future. We maintain our positive view on the stock from a 2 to 3 years perspective

Source: Equitymaster...

NSE Announcements on Titan Industrie

Posted by : MMB Messenger
Price when posted : [Titan Industrie - BSE:Rs. 1169.00 NSE:Rs. 1174.75 when posted]

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Titan Industries Ltd. has informed the Exchange regarding the outcome of Annual General Meeting of the Company held on July 31, 2008. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...

BSE Announcements on Titan Industrie

Posted by : MMB Messenger
Price when posted : [Titan Industrie - BSE:Rs. 1163.00 NSE:Rs. 1160.25 when posted]

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Titan Industries Ltd has informed BSE that Annual General Meeting (AGM) of the Company was held on July 31, 2008....

BSE Announcements on Titan Industrie

Posted by : MMB Messenger
Price when posted : [Titan Industrie - BSE:Rs. 1116.00 NSE:Rs. 1107.00 when posted]

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Titan Industries Ltd has informed BSE regarding a Press Release dated July 31, 2008 titled "Titan Industries performance grows by 23%"....

BSE Announcements on Titan Industrie

Posted by : MMB Messenger
Price when posted : [Titan Industrie - BSE:Rs. 1116.00 NSE:Rs. 1107.00 when posted]

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Titan Industries Ltd has announced the following Un-Audited results for the quarter ended June 30, 2008:

The Company has posted a net profit of Rs 322.20 million for the quarter ended June 30, 2008 as compared to Rs 126.40 million for the quarter ended June 30, 2007. Total Income has increased from Rs 6580.00 million for the quarter ended June 30, 2007 to Rs 8111.40 million for the quarter ended June 30, 2008....

NSE Announcements on Titan Industrie

Posted by : MMB Messenger
Price when posted : [Titan Industrie - BSE:Rs. 1116.00 NSE:Rs. 1107.00 when posted]

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Titan Industries Ltd. has informed the Exchange regarding a press release dated July 31, 2008, titled "First Quarter Performance - Titan Industries Income grows by 23%". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...

NSE Announcements on Titan Industrie

Posted by : MMB Messenger
Price when posted : [Titan Industrie - BSE:Rs. 1116.00 NSE:Rs. 1107.00 when posted]

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Titan Industries Ltd. has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2008 as follows: Net Sales of Rs. 81031 lacs for quarter ending on 30-JUN-2008 against Rs. 66659 lacs for the quarter ending on 30-JUN-2007. Net Profit / (Loss) of Rs. 3222 lacs for the quarter ending on 30-JUN-2008 against Rs. 1264 lacs for the quarter ending on 30-JUN-2007....