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Market share gains, margins and store network expansion to support Titan

Valuations may continue to trade at a premium

Titan
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Ram Prasad Sahu Mumbai

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From its lows this month, the stock of India’s largest listed jewellery maker Titan Company gained 10 per cent and in the process crossed the Rs 3 lakh crore mark.

Upward revision in earnings estimates post strong September quarter (Q2FY24) performance and a robust growth outlook led to a positive sentiment for the stock. Though the stock trades at premium valuations, brokerages remain positive given the structural growth story of the organised jewellery market and incremental gains from new businesses.

The company delivered a better-than-expected performance in Q2FY24 on the back of healthy revenue growth and expansion in operating profit

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First Published: Nov 24 2023 | 8:28 AM IST

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