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Titan Q3FY20 – The quality that shines

We feel companies like Titan are best placed to capture a wallet share of growing, aspirational and affluent Indians and hence, an excellent bet for the long term.

February 05, 2020 / 05:38 PM IST
Titan Q3FY20 – The quality that shines

Highlights - Performance driven by jewellery - Wedding season helped - Good outlook for Q4 - Watches and eyewear weak - Valuation leaves little near-term upside - Buy on correction The quarterly sales update from Titan Ltd (CMP: Rs 1277,  Mcap: Rs 111,994 crore) was an early indication of a strong December quarter. The earnings report left no doubt in the minds of the investors that when the going gets tough the tough get going. The flagship division jewellery (accounting for a lion’s share of revenue and...

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