Consumer Durables
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Size: It is among the top 200 market size companies of india.
Growth: Awesome revenue growth! Revenue grew 21.1% over last year and 83.4% in last three years on TTM basis.
Past Returns: In past three years, the stock has provided 10.8% return compared to 13.5% by NIFTY 50.
Valuation | |
|---|---|
| Market Cap | 3.33 LCr |
| Price/Earnings (Trailing) | 89.51 |
| Price/Sales (Trailing) | 5.18 |
| EV/EBITDA | 49.29 |
| Price/Free Cashflow | -310.15 |
| MarketCap/EBT | 65.98 |
| Enterprise Value | 3.33 LCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 64.18 kCr |
| Rev. Growth (Yr) | 24.2% |
| Earnings (TTM) | 3.71 kCr |
| Earnings Growth (Yr) | 52.4% |
Profitability | |
|---|---|
| Operating Margin | 8% |
| EBT Margin | 8% |
| Return on Equity | 31.94% |
| Return on Assets | 9.14% |
| Free Cashflow Yield | -0.32% |
Growth & Returns | |
|---|---|
| Price Change 1W | 0.90% |
| Price Change 1M | 9.9% |
| Price Change 6M | 12.1% |
| Price Change 1Y | 14.7% |
| 3Y Cumulative Return | 10.8% |
| 5Y Cumulative Return | 26.3% |
| 7Y Cumulative Return | 23.2% |
| 10Y Cumulative Return | 26.8% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | 551 Cr |
| Cash Flow from Operations (TTM) | -548 Cr |
| Cash Flow from Financing (TTM) | 7 Cr |
| Cash & Equivalents | 407 Cr |
| Free Cash Flow (TTM) | -1.04 kCr |
| Free Cash Flow/Share (TTM) | -11.74 |
Balance Sheet | |
|---|---|
| Total Assets | 40.65 kCr |
| Total Liabilities | 29.02 kCr |
| Shareholder Equity | 11.62 kCr |
| Current Assets | 34.43 kCr |
| Current Liabilities | 25.79 kCr |
| Net PPE | 1.85 kCr |
| Inventory | 28.18 kCr |
| Goodwill | 123 Cr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.25 |
| Debt/Equity | 0.88 |
| Interest Coverage | 4.07 |
| Interest/Cashflow Ops | 0.45 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 11 |
| Dividend Yield | 0.29% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.00% |
Updated Nov 2, 2025
Titan shares have experienced a slight decline of 0.84%, reflecting some market volatility.
The share consolidation at Titan Mining may raise concerns among investors about the impact on current holdings.
Titan Mining’s share consolidation is pending approval, which may delay their plans for NYSE American listing.
Titan Company Limited is expanding its footprint in the GCC market by acquiring Damas’ jewellery operations through its new step-down subsidiary.
Titan Mining Corporation is progressing towards a listing on the NYSE American, aiming to broaden its investor base.
The consolidation of shares by Titan Mining is designed to align with U.S. market standards, indicating a strategic move for future growth.
Change in Management • 29 Oct 2025 Resignation of Senior Management Personnel of the Company |
Acquisition • 28 Oct 2025 Intimation of new step-down Subsidiary - Signature Jewellery Holding Limited, UAE |
Analyst / Investor Meet • 17 Oct 2025 Earning call for Q2 and half year ended FY 2025-26. |
General • 10 Oct 2025 Reporting of Debt Securities issued through Private Placement |
Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 • 10 Oct 2025 Certificate under Regulation 74(5) of the SEBI (DP) Regulations, 2018 for the quarter ended September 30, 2025 |
General • 08 Oct 2025 Change in e-mail address of Registrar and Share Transfer Agent of the Company |
General • 07 Oct 2025 Quarterly Update - Q2 FY 2025-26. |
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
Summary of Titan Co.'s latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Last updated:
In the Q1 FY'26 earnings call, Titan Company Limited's management expressed a cautious yet optimistic outlook for the remainder of the fiscal year. Notably, C.K. Venkataraman, the Managing Director, indicated that the quarter had been satisfactory across all segments of the business. Ajoy Chawla, CEO of the Jewellery Division, acknowledged the high base effect from the previous year due to a significant customs duty reduction and noted uncertainties affecting gold prices as factors to monitor moving forward.
As for key forward-looking points:
Jewellery Growth: The management expects some moderation in growth for the jewellery segment due to a high base, especially in Q2 FY'26. Average ticket size and repeat customer engagement strategies are in play despite high gold prices.
Margin Guidance: The management maintained an EBIT margin guidance of 11%-11.5%. There were one-time benefits in Q1 "“ INR 100 crores equally shared between jewellery and watches, which are expected to reverse in subsequent quarters.
Market Share: Ajoy Chawla claimed that market share in the jewellery segment had been sustained, with an approximate market size of INR 75,000 crores, while Titan's collective business could account for around INR 17,000-18,000 crores.
Retail Expansion: The company plans to catch up on store openings in Q2, aiming for strategic growth particularly before the festive season.
Innovations in Product Offerings: The management highlighted plans to introduce lower karatage products and adapt to the increasing gold prices with new offerings to attract budget-conscious consumers.
Sustainable Growth Projections: There is optimism for sustainable growth in watches, with the expectation for mid-teen EBIT margins for the full year.
Overall, the management is navigating market uncertainties while focusing on innovations and customer engagement strategies to drive future growth.
Last updated:
Question: "Do you foresee some growth moderation in the rest of FY '26 in the jewellery segment due to the higher base effect from the previous quarters?"
Answer: Yes, I acknowledge that Q2 has a higher base effect due to last year's custom duty reduction. While we've seen good initial momentum in Q2, various external factors, including gold price volatility, could affect our growth. We're monitoring closely and remain optimistic but cautious about the overall trajectory for the year.
Question: "Could you clarify the nature of the one-off that contributed 50 bps to margins in Q1, and will this reverse in the remaining quarters?"
Answer: Certainly. The INR 100 crore one-off was split between jewellery and watches, notably stemming from inventory revaluation in watches. This one-off will reverse in upcoming quarters. Despite the reversals, our margin guidance remains 11% to 11.5% for FY '26, and we'll monitor how other measures impact margins as we progress.
Question: "How is the market share in the jewellery segment evolving? Are we lagging behind larger players?"
Answer: The jewellery market is complex, with multiple players in the field. We believe we've sustained our market share nationally during Q1, albeit fluctuations exist regionally. We must recognize our base is higher, which may impact the same store sales growth comparison with smaller competitors entering the market.
Question: "How are you handling the introduction of 9-carat gold jewellery amidst rising costs?"
Answer: We launched 9-carat diamond jewellery to cater to affordability without compromising on style. CaratLane has expanded this offering across stores, seeing steady traction. We're optimistic as this format aims to capitalize on the gifting segment, aligning with customer preferences in a shifting market landscape.
Question: "Could you discuss the sustainability of margin performance in the watches segment as you move forward?"
Answer: Our expectation remains mid-teen margins for watches in FY '26. The recent high margin was aided by one-off factors. We now aim to maintain a robust product strategy while balancing costs against customer demand, with the understanding that market dynamics will dictate our ability to sustain these margins.
Question: "Given the high gold prices, have you seen a shift towards lower making charges and their impact on your competitive landscape?"
Answer: Yes, as gold prices rise, customers are gravitating towards lighter-weight and lower karat products to manage costs. This shift affects demand for complex designs with higher making charges. We continuously evaluate our pricing strategy to align with consumer preferences while maintaining our competitive edge.
Question: "What's your take on lab-grown diamonds and potential impact on market share?"
Answer: Currently, lab-grown diamonds constitute less than 2% of the diamond market. Though there's potential growth, consumer preference for natural diamonds persists, particularly among first-time buyers who value authenticity. We're keeping an eye on market developments but have no immediate plans to enter the lab-grown segment.
Question: "Can you elaborate on the outlook for studded jewellery growth?"
Answer: Our current outlook for studded jewellery is cautiously optimistic. While we are targeting improved buyer engagement, recent challenges in certain segments, particularly solitaires, have affected growth. However, we are witnessing stronger new customer engagement in studded offerings, hinting at opportunities ahead.
Analysis of Titan Co.'s financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Sep 30, 2025
| Description | Share | Value |
|---|---|---|
| Jewellery | 88.0% | 16.5 kCr |
| Watches | 7.9% | 1.5 kCr |
| Others | 3.0% | 557 Cr |
| Eyecare | 1.2% | 220 Cr |
| Total | 18.8 kCr |
Understand Titan Co. ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| Tamilnadu Industrial Development Corporation Ltd | 27.88% |
| Tata Sons Private Limited | 20.84% |
| Rekha Jhunjhunwala | 4.25% |
| Tata Investment Corporation Ltd | 2.01% |
| Icici Prudential Balanced Advantage Fund | 1.61% |
| Tata Chemicals Limited | 1.56% |
| Sbi Nifty 50 Etf | 1.55% |
| Ewart Investments Limited | 0.56% |
| Piem Hotels Limited | 0.05% |
| Foreign Bank | 0.01% |
| Chennai Aerospace Park Limited | 0% |
| Tamil Nadu Centre of Excellence for Advanced Manufacturing(Section 8 Company) | 0% |
| Tamilnadu Smart and Advanced Manufacturing Centre(Section 8Company) | 0% |
| Tamilnadu Advance Manufacturing Centre of Excellence Private Limited | 0% |
| Tamilnadu Engineering and Innovation CentreLimited | 0% |
| Tata Communications (UK) Limited | 0% |
| Tata Communications Comunicacoes E MultimÃdia (Brazil) Limitada | 0% |
| Tata Communications Deutschland GMBH | 0% |
| Tata Communications Lanka Limited | 0% |
| Tata Communications Middle East Technology Services L.L.C | 0% |
Distribution across major stakeholders
Distribution across major institutional holders
Detailed comparison of Titan Co. against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| KALYANKJIL | Kalyan Jewellers India | 52.6 kCr | 26.95 kCr | +9.50% | -22.40% | 65.6 | 1.95 | - | - |
| PCJEWELLER | PC JEWELLER | 8.04 kCr | 2.74 kCr | -8.40% | -25.70% | 10.72 | 2.94 | - | - |
| THANGAMAYL | Thangamayil Jewellery | 6.74 kCr | 5.25 kCr | +7.00% | -5.10% | 60.12 | 1.28 | - | - |
| RAJESHEXPO | Rajesh Exports | 5.31 kCr | 4.94 LCr | -0.90% | -29.40% | 73.35 | 0.01 | - | - |
| SENCO | Senco Gold | 5.31 kCr | 6.87 kCr | -5.90% | -46.80% | 26.91 | 0.77 | - | - |
| TIMEX | Timex Group India | 3.85 kCr | 534.9 Cr | +6.10% | +113.50% | 169.47 | 7.2 | - | - |
| TBZ | Tribhovandas Bhimji Zaveri | 1.2 kCr | 2.65 kCr | -2.90% | -33.20% | 16.26 | 0.45 | - | - |
Comprehensive comparison against sector averages
TITAN metrics compared to Consumer
| Category | TITAN | Consumer |
|---|---|---|
| PE | 89.51 | 71.35 |
| PS | 5.18 | 0.71 |
| Growth | 21.1 % | 58 % |
Titan Co. is a prominent company in the Gems, Jewellery, and Watches industry, with the stock ticker TITAN.
With a significant market cap of Rs. 299,388.1 Crores, Titan Company Limited, along with its subsidiaries, is engaged in the manufacturing and sale of a diverse range of products including watches, jewelry, eyewear, and various accessories, both in India and internationally.
The company operates through four main segments:
Titan designs, manufactures, and retails its watches and wearables under numerous well-known brands, including:
In the jewelry segment, it offers products under brands like Mia by Tanishq, CaratLane, and Zoya. The eyecare products are marketed under brands such as Titan EyePlus and Fastrack Eyecare. Additionally, Titan Co. sells fashion items such as sarees and kurtas through its Taneira brand and perfumes under SKINN by Titan. The company also provides belts and wallets under the TITAN brand and bags under Fastrack and IRTH.
Beyond consumer products, Titan Company Limited offers manufacturing services and automation solutions for sectors like aerospace, defense, transportation, and healthcare. Its distribution network includes both owned and franchised retail stores, as well as online sales channels.
Originally known as Titan Industries Limited, the company rebranded to Titan Company Limited in August 2013 and has been incorporated since 1984, with its base in Bengaluru, India.
In terms of financial performance, Titan Co. has reported a trailing 12 months revenue of Rs. 58,563 Crores and has demonstrated robust growth with a 104% revenue increase over the past three years. The company also provides dividends to its investors, with a yield of 0.61% per year, returning Rs. 21 dividend per share in the last 12 months.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
TITAN vs Consumer (2021 - 2025)