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    Titan: Glittering performance to continue

    Earnings visibility is strong for Titan over the next one to two years

    Bharat Gianani
    February 11, 2021 / 09:30 PM IST
    Titan: Glittering performance to continue

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

    Highlights - Results largely in line with Street estimates; delivers double-digit earnings growth in Q3 - Growth trend accelerated in January 2021; management bullish on FY22 outlook - Margins to improve driven by cost control measures, operating leverage - Good earnings visibility, investors should add the stock on any weakness The December quarter results of Titan (CMP: Rs 1,563, Market capitalization: Rs 138,788 crore) were largely in line with street estimates. Revenues switched to growth mode from Q3FY21 from the recovery stage witnessed in...

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