Titan expects Q3FY26 growth to be better than H1FY26, thanks to the strong festive sales in Diwali and the upcoming wedding season
The company is adopting industry-best practices, such as 100 percent inventory hedging, building a professional management team as well as adopting to evolving consumer preferences.
The board also approved a rights issue of up to Rs 510 crore at a price of Rs 1,400 per share in the ratio of 2:15, for which the record date has been set at February 11, 2025. The issue will open between February 21 and March 4, 2025.
The transition from a family-run business to a professionally-managed organisation will lead to a valuation re-rating
We’ve reported about Thangamayil Jewellery many times before. Now, as the company plans to aggressively expand distribution reach and make an urban foray, the story needs re-telling.
Titan, with a high single-digit market share in the domestic jewellery industry, has strong growth prospects, going ahead. It is also aggressively expanding in international markets, such as the Gulf region and the US
Thangamayil Jewellery's net profit dropped 47 percent year-on-year to Rs 8 crore in the September quarter from Rs 15 crore in the year-ago period
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We believe Q4FY22 for Titan is a temporary blip. Consumer sentiment is likely to bounce back strongly, and with the expected normalcy, post two years of COVID-19, we expect demand to be strong
The expansion of the e-commerce segment and the lab-grown business is likely to help sustain growth for Goldiam
Titan is expected to emerge stronger in the jewellery industry, going forward. The massive expansion in eyewear as well as watch segments will enable it to fire on all cylinders
Titan posted better-than-expected performance in December 2021 quarter with strong demand across categories. Titan would relatively outperform in current scenario, owing to perceived safe position of gold and strong pent-up factor.
Titan has strong growth potential across its business verticals, given the higher share of the unorganised segment
The business update for the September 2021 quarter indicated a strong recovery in demand post the second wave of COVID-19. The recovery has been pretty swift and better than our expectations
Goldiam is a niche jewellery manufacturer focussed on export markets with product profile of lab grown diamonds, and selling narrow range of diamond to established retailers. Faster than expected ramp up in the online and lab grown business along with the recent buy-back programme can lead to further increase in the earnings estimates and drive re-rating. Here’s why.
Goldiam’s strategy of increasing online sales and foray into lab-grown diamonds have led to a strong improvement in the financial performance and would continue to drive the financials, going ahead
Titan is seeing a strong recovery in demand, following the easing of COVID-19 curbs from June 2021, in both the jewellery and the non-jewellery segments.
Apart from the key jewellery business, watches and wearables are witnessing rapid recovery in customer walk-ins, which was not the case in FY21. We expect FY22 to be a much stronger year for Titan
With easing of restrictions and pent-up demand, we expect Thangamayil Jewellers to deliver growth in FY22 as well
We recommend switching to alternative stocks with better operating metrices and significant valuation discount such as Thangamayil Jewellers. For investors eyeing bigger play in jewellery space, Titan remains the best choice
For Thangamayil Jewellery, customer preference shift to organised players, especially in rural India, is a tailwind. Does its stock valuation add more shine to its growth story?
Thangamayil Jewellers is trading at significant discount to Kalyan Jewellers IPO valuation despite better performance and strong balance sheet, leaving possibility of stock rating
Shares of jewellery manufacturers today gained up to 7.5 per cent in an otherwise weak stock market amid hopes of pick-up in sales of gold jewellery and coins on Akshaya Tritiya.