Page 2 - Titan

Titan Q1 results: Net profit declines 5% to Rs 715 crore, misses estimates

The Tata group-owned company reported a 5% fall in consolidated profit to Rs 715 crore ($85.4 million) in the quarter ended June 30, from Rs 756 crore an year ago

Retail jewellery sector: Indriya entry adds lustre to formalisation

Aditya Birla joins the fray of an already booming jewellery retail market

Jigar S Patel of Anand Rathi recommends buying these three stocks today

From a technical standpoint, the daily chart has revealed an inverse head and shoulders pattern with a neckline at Rs 1,620 & Bajaj Finserv stock is holding steady above this level around Rs 1,640.

Downgrades, competition likely to keep Titan Company's stock under pressure

Titan reported sales growth of about 9 per cent Y-o-Y in Q1FY25

Jewellery brand Titan reports 9% revenue growth in Q1, adds 61 stores

Leading jewellery and watchmaker Titan on Friday said it clocked a standalone revenue growth of 9 per cent in the first quarter ended June 30, 2024. The Tata Group-managed firm added 61 stores during April-June FY25, taking its combined retail network presence to 3,096 stores. Its jewellery division, which contributes over three-fourths of its revenue, reported 9 per cent growth in the domestic market and added 34 stores. "The auspicious week of Akshaya Tritiya witnessed double-digit growths (in Tanishq secondary sales) compared to the same period last year. However, high gold prices and their continued firmness had an impact on consumer demand," it said. Moreover, the quarter has lower wedding days and overall sentiments were "relatively muted" in comparison to Q1/FY24. "Domestic growth came largely through an increase in average selling prices whereas buyer growth was in low single digit. Gold (plain) grew in high single digit while studded growth was moderately lower in ...

Titan partners with Rhythm; launches jewellery brand Tanishq in Bangladesh

Titan Company on Saturday said it is launching its jewellery brand Tanishq in Bangladesh as part of expansion plans in the international market. On Friday, the Tata Group-managed firm signed a JV agreement to this effect with Rhythm Group which will make Tanishq available across the Bangladesh market, according to a joint statement. The joint venture will commence with the opening of the manufacturing facility in Narayanganj, in Bangladesh, it added. Besides the domestic market, Titan is expanding Tanishq's presence in the international market and operates 17 stores across the UAE, US, Qatar, Singapore and Oman. Its watch business has a presence in SAARC, MENA (Middle East and North Africa), Southeast Asian regions. In the last few years, it has focused on growing its flagship jewellery brand Tanishq overseas. Rhythm Group is a prominent entity in Bangladesh that was established in 1972 to produce desi textile fabrics and since then it has expanded into several verticals. Through

Titan launches first retail outlet for premium sunglasses in Bengaluru

The company estimates the Indian Premium Sunglasses market is Rs 800 crore with a projected CAGR of 10%

Smart watch sales grew 5x but now slowing: Titan CEO Suparna Mitra

Mitra points out that Titan has seen a slow but subtle shift in the buying habits of women. In the last seven years the share of women's watches has gone up from 40 per cent to 45 per cent

Motilal Oswal initiates coverage on Kalyan Jewellers, Senco; details here

Overall, the jewelley sector has seen an approximately 8 per cent revenue CAGR during FY19-24, reaching Rs 6,40,000 crore in market value, with the organised segment growing at 18-19 per cent

Lifestyle accessories major Titan's near-term margin headwinds on watch

Watch and jewellery maker prioritising sourcing, pricing, product innovation, and operational efficiencies

Buy Muthoot Finance, Sell Titan June futures, recommends Religare Broking

Muthoot Finance has been in a steady uptrend for over 10 months, consistently forming higher highs and lows with a gradual increase in volumes

Shriram Fin, JublFood, Titan; top picks from Anand Rathi for May 18

Jubilant FoodWorks has two key technical analysis signals: a bull divergence on the daily Moving Average Convergence Divergence (MACD) indicator and a violation of a bearish trend line that had been

Titan stock price drops 7% on May 06. Why brokerages have cut target price

Analysts attribute this margin miss to heightened competitive pressure due to a spike in gold prices

Titan Q4 results: Net profit falls short of estimates, rises 5.6%

The jewellery major's profit before interest, depreciation and tax grew 12.2 per cent to Rs 1350 crore in the quarter ended March

Titan Q4 results: Net profit up 7% at Rs 786 crore, revenue rises 17%

The company's reported a profit of Rs 786 crore ($94.2 million) in the quarter ended March 31, up 7.1% from last year, but missing analysts' expectation of Rs 799 crore as per LSEG data

Making iPhone camera modules in India: Apple in talks with Titan, Murugappa

Apple is in talks with the Murugappa Group and Tata Group's Titan Company to produce sub-components needed for iPhone camera modules

Titan, Kalyan Jewellers' Q4 business updates point to bright prospects

Titan added 29 new stores (Tanishq 11 new stores and Mia 18) with 27 in India and one each in Dubai and Chicago, plus 44 new W&W stores

Pidilite, Nestle: Select stks in Rahul Gandhi's portfolio can dip up to 12%

As per an affidavit filed with the Election Commission of India, Rahul Gandhi's top stock holdings include Pidilite Industries, Bajaj Finance, Nestle, ITC, Hindustan Unilever and Tube Investments.

Stocks to Watch: Healthcare, Titan, UB, Wipro, Zee, Voda Idea, Adani group

Stocks to watch on Monday, April 08, 2024: Shares of healthcare related firms likely to be in focus as Manipal nears acquisition of Medica Synergie.

Titan Q4 results: Revenue grows 17% on robust demand for jewelry products

The jewelery segment, which houses brands including Tanishq and CaratLane, was boosted by healthy inflow of buyers and double-digit percentage growth in its same-store sales