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Titan Company: Will the shiny outlook continue?

Titan, with a strong brand as well as parentage, has a huge runway for growth

August 08, 2022 / 10:26 AM IST
Titan Company: Will the shiny outlook 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

Titan Company Ltd (CMP: Rs 2,433; Market cap: Rs 215,958 crore) has posted better-than-expected results for Q1FY23. Demand for the key jewellery segment, which contributes 88 percent to overall revenues, continues to remain strong, post the festive season as well and the hike in customs duty on gold from July 2022. With the company entering new towns, ramping up international presence, and mandatory hallmarking regulations, Titan is well poised to continue gaining market share. Titan has guided a 20 percent...

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