The domestic affairs of the watches and the portable segment grew by 20 percent JOJ | Photocredit: Amit Dave
Shares of Titan Company recovered strongly on Tuesday after the TATA group company had released a robust business update for the quarter of March 2025 (Q4FY25), which emphasizes a broad performance about the most important vertical and consistent expansion in its retail footprint. After the update, most brokers stayed positively in the stock.
From a low of 52 weeks of £ 2,925 registered during Monday’s chaos, the share recovered on Tuesday to close to £ 3,122.30, an increase of 3.3 percent compared to the end of the previous day.
Strong finish
In a company update, the Tata Group Company said that completes FY25 in a high tone and reports a growth of 25 percent in turnover for Q4, supported by a healthy momentum in its jewelry, watches, Upperer and emerging companies. During the quarter, the company added 72 net stores and brought its total consolidated retail footprint to 3,312 stores.
Titan’s Jewely Division, who remains his core activity, achieved a growth of 24 percent in Q4FY25; The domestic company of the watches and the portable segment grew by 20 percent yoj; The domestic company of the eye care division grew by 18 percent; And Caratlane Business grew by 22 percent in the fourth quarter of earlier tax, the company informed the stock exchanges.
Bullish Outlook
According to JM Financial, it is expected that the total independent turnover will grow by around 13 percent yej; 25 percent growth adapted from the sale of precious metal in the basic quarter led yo-growing in jewelry activities (ex-bullion) with 25 percent. “We expect an EBIT margin of jewelry of 10.8 percent (ex-bullion sale; flat yoj). In general, we estimate the independent EBITDA/Pat growth of 22/11 percent yoJ, 9/10 percent prior to our first estimate,” it added.
According to Macquarie, “a healthy growth in Q4 is encouraging and improves confidence in our EPS estimates.” The Outperform Rating maintained the shares with a target price of £ 4,000.
Morgan Stanley retained his overweight on the shares with a target price of £ 3,876. According to it, jewelry company produced buyers with one digit due to the slow demand at low prices.
Titan’s robust Q4 company update emphasizes the resilience and diversified growth of the company in important segments such as jewelry, glasses and wearables, Angelone said. Although the rising gold prices influenced affordability in lower price ranges, the strong total turnover momentum and the expansion of the premium offer that Titan continues to strengthen its leadership in the lifestyle and luxury retail space, the brokerage added.
Citigroup, however, repeated its neutral rating on Titan Company with a target price of £ 3550.
Titan’s jewelry segment to grow by 22 percent, higher gold prices can affect the mix of income and margins on the key, Morgan Stanley said in a report.
Published on April 8, 2025
