Consumer Durables
Valuation | |
|---|---|
| Market Cap | 3.64 LCr |
| Price/Earnings (Trailing) | 88.03 |
| Price/Sales (Trailing) | 5.32 |
| EV/EBITDA | 50.58 |
| Price/Free Cashflow | -310.15 |
| MarketCap/EBT | 64.79 |
| Enterprise Value | 3.73 LCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | 4% |
| Price Change 1M | -0.40% |
| Price Change 6M | 18.4% |
| Price Change 1Y | 17.4% |
| 3Y Cumulative Return | 18.6% |
| 5Y Cumulative Return | 22.1% |
| 7Y Cumulative Return | 21.4% |
| 10Y Cumulative Return | 27.1% |
| Revenue (TTM) |
| 68.36 kCr |
| Rev. Growth (Yr) | 28.5% |
| Earnings (TTM) | 4.13 kCr |
| Earnings Growth (Yr) | 59.1% |
Profitability | |
|---|---|
| Operating Margin | 8% |
| EBT Margin | 8% |
| Return on Equity | 32.25% |
| Return on Assets | 7.94% |
| Free Cashflow Yield | -0.32% |
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 | 301 Cr |
| Free Cash Flow (TTM) | -1.04 kCr |
| Free Cash Flow/Share (TTM) | -11.74 |
Balance Sheet | |
|---|---|
| Total Assets | 52.03 kCr |
| Total Liabilities | 39.23 kCr |
| Shareholder Equity | 12.8 kCr |
| Current Assets | 45.07 kCr |
| Current Liabilities | 35.89 kCr |
| Net PPE | 1.9 kCr |
| Inventory | 37.66 kCr |
| Goodwill | 127 Cr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.19 |
| Debt/Equity | 0.75 |
| Interest Coverage | 4.45 |
| Interest/Cashflow Ops | 0.45 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 11 |
| Dividend Yield | 0.27% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.00% |
Growth: Awesome revenue growth! Revenue grew 24.3% over last year and 86.4% in last three years on TTM basis.
Past Returns: In past three years, the stock has provided 18.6% return compared to 13% by NIFTY 50.
Size: It is among the top 200 market size companies of india.
Technicals: Bullish SharesGuru indicator.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
No major cons observed.
Growth: Awesome revenue growth! Revenue grew 24.3% over last year and 86.4% in last three years on TTM basis.
Past Returns: In past three years, the stock has provided 18.6% return compared to 13% by NIFTY 50.
Size: It is among the top 200 market size companies of india.
Technicals: Bullish SharesGuru indicator.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
No major cons observed.
Investor Care | |
|---|---|
| Dividend Yield | 0.27% |
| Dividend/Share (TTM) | 11 |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 46.55 |
Financial Health | |
|---|---|
| Current Ratio | 1.26 |
| Debt/Equity | 0.75 |
Technical Indicators | |
|---|---|
| RSI (14d) | 39.58 |
| RSI (5d) | 76.4 |
| RSI (21d) | 50.98 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Sell |
| RSI21 Signal | Hold |
| SMA 5 Signal | Buy |
| SMA 10 Signal |
Updated Feb 6, 2026
Rekha Jhunjhunwala's portfolio saw a significant boost as Titan Company shares surged from ₹3,953.20 to ₹4,135.10 following the India-US trade deal announcement.
This increase of ₹181.90 per share has elevated her net worth by approximately ₹858 crore, given her ownership of 4,71,84,470 shares.
The rally also benefited LIC, which earned around ₹406 crore from its Titan shares.
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.
The management of Titan Company Limited provided a positive outlook during the Q2 FY '26 earnings call held on November 4, 2025. The key highlights from management's comments include:
Market Growth: There has been substantial growth across all Titan's businesses and markets. The company is optimistic about sustaining this growth momentum with a strong performance forecast for the upcoming festive and wedding seasons.
Gold Price Impact: Despite fluctuations in gold prices, consumer behavior has shown resilience, particularly among higher ticket consumers. Notably, there was a marginal increase in studded jewellery buyers, growing slightly higher than gold jewellery buyers.
Buyer Growth Initiatives: Management has noted efforts to stimulate buyer growth through campaigns including an aggressive gold exchange initiative. This program reportedly drew in more customers, contributing to increased sales.
Store Expansion Plans: Titan still targets new store openings for Tanishq at around 40 for the year, along with additional renovations to existing stores to boost productivity. The first half saw 9 openings, with an additional 8 in October.
Financial Performance Guidance: While revenue growth is expected to exceed prior estimates due to favorable market conditions, management expressed that EBIT growth might be slightly slower than revenue growth due to ongoing margin pressures.
Gold Inventory and Sales Planning: A significant increase in inventory, INR 9,500 crores, is attributed mostly to rising gold prices, with some stockpiling for new store additions and festive demand.
Margins under Pressure: Management acknowledged some margin compression due to inventory costs linked with high gold prices. However, they are focused on optimizing business levers to maintain stable margins.
Overall, Titan Company's management remains optimistic about navigating market challenges while seizing growth opportunities in both jewelry and eyewear segments.
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% |
| Rekha Jhunjhunwala | 4.24% |
| Tata Investment Corporation Ltd | 2.01% |
| Uti Nifty 50 Etf | 1.05% |
| Ewart Investments Limited | 0.56% |
| Piem Hotels Limited | 0.05% |
| Chennai Aerospace Park Limited | 0% |
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 | 38.84 kCr | 28.76 kCr | -24.80% | -33.80% | 41.7 | 1.35 | - | - |
| THANGAMAYL | Thangamayil Jewellery | 9.87 kCr |
Comprehensive comparison against sector averages
TITAN metrics compared to Consumer
| Category | TITAN | Consumer |
|---|---|---|
| PE | 88.03 | 62.03 |
| PS | 5.32 | 0.75 |
| Growth | 24.3 % | 40.9 % |
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.
| Buy |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Buy |
| SMA 100 Signal | Buy |
TITAN vs Consumer (2021 - 2026)
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
Question: What are the customers telling you in the context of the rise in gold prices, particularly regarding their willingness to buy 18-carat jewelry and the mix of studded versus gold jewelry? Answer: We've seen a positive response to 18-carat jewelry, but it's not yet a significant part of our inventory. The demand for studded jewelry is marginally better than for gold jewelry. Overall, buyer growth in gold jewelry has been sluggish, while studded buyers have shown positive growth trends.
Question: Can you share steps taken to improve buyer growth apart from marketing and 18-carat offerings? Answer: We've focused on introducing lower caratages, particularly 14-carat options, and launched a strong gold exchange campaign. This emotional appeal helped stimulate buyer demand and featured benefits oriented towards the consumers and the country.
Question: Given the rising gold prices and your exchange program, what is the outlook for margins? Answer: While the exchange program may slightly impact margins, our model accommodates this without substantial detriment. We consider this initiative beneficial for long-term relationships with customers, and any impact is expected to be minor in the long run.
Question: Can you comment on the growth outlook for the eyewear sector amid increasing competition? Answer: We see the eyewear market as having significant growth potential, with our share currently below 12%. We are focusing on omni-channel approaches, investing in customer satisfaction, and capitalizing on a robust retail footprint to drive awareness and footfall in this category.
Question: How do you see the trends in your high-value studded and solitaire jewelry businesses? Answer: High-value studded jewelry is contributing around 14% of our overall business, showing a year-on-year increase. Solitaire jewelry contributes about 3.5-4% and has also seen growth. However, overall demand for LGDs is starting to show interest, though it's still not material in our numbers.
Question: With recent gold price corrections, how has this influenced your inventory planning? Answer: Despite a 6% moderation in gold prices recently, our inventory planning remains unchanged as we maintain optimal product mix and ensure availability. We have managed to keep inventory levels steady to meet customer demand without drastic adjustments.
Question: What is the expected trajectory of jewellery EBIT growth in context of gold price fluctuations? Answer: We foresee that while EBIT growth rates may align with revenue, they could be slower than initially expected due to ongoing margin pressures from fluctuating gold prices. We aim to improve EBIT growth compared to earlier projections, but market conditions will dictate actual outcomes.
Question: What are your thoughts on competition from jewelers that own their inventory versus those using gold on lease? Answer: Jewelers with inventory gains are passing on competitive offers. This will increase competitive intensity, requiring us to respond strategically. Our exchange program serves as a means to acquire and retain customers effectively.
This summary captures key insights from Titan Company's recent earnings call, outlining important questions and detailed responses from management regarding consumer behavior, operational strategies, and outlook on various business segments.
| 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% |
| Tamilnadu Research Park Foundation | 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% |
| Tata Communications Services (International) Pte. Limited | 0% |
| Tata Communications SVCS Pte Ltd | 0% |
| Tata Communications Transformation Services (Hungary) Kft. | 0% |
| Tata Communications Transformation Services (US) Inc | 0% |
Distribution across major stakeholders
Distribution across major institutional holders
| 7.06 kCr |
| -8.90% |
| +58.80% |
| 41.02 |
| 1.4 |
| - |
| - |
| PCJEWELLER | PC JEWELLER | 7.4 kCr | 3.3 kCr | -1.50% | -35.70% | 10.41 | 2.24 | - | - |
| RAJESHEXPO | Rajesh Exports | 5.31 kCr | 4.71 LCr | +2.10% | -2.60% | 37.77 | 0.01 | - | - |
| SENCO | Senco Gold | 5.13 kCr | 6.91 kCr | -3.20% | -40.40% | 21.96 | 0.74 | - | - |
| TIMEX | Timex Group India | 3.18 kCr | 700.91 Cr | -21.40% | +51.10% | 52.4 | 4.76 | - | - |
| TBZ | Tribhovandas Bhimji Zaveri | 1.05 kCr | 2.91 kCr | -3.10% | -19.90% | 7.28 | 0.36 | - | - |
Analyst / Investor Meet • 19 Jan 2026 Earning call for Q3 and nine months ended for FY 2025-26 |
Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 • 13 Jan 2026 Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended December 31, 2025. |
General • 06 Jan 2026 Quarterly Update-Q3 FY26 |
Analyst / Investor Meet • 02 Jan 2026 Conference Call |
Resignation of Director • 30 Dec 2025 Resignation of Mr. Sandeep Nanduri as Non-Executive Nominee Director. |
Change in Directorate • 30 Dec 2025 Appointment of Ms. Sandhya Venugopal Sharma, IAS as Chairperson and Additional Director |
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 |
| 14.3% |
| 17,316 |
| 15,148 |
| 13,814 |
| 16,472 |
| 13,709 |
| 12,413 |
| Profit Before exceptional items and Tax | 2.8% | 1,521 | 1,480 | 1,218 | 1,396 | 947 | 973 |
| Total profit before tax | 2.8% | 1,521 | 1,480 | 1,218 | 1,396 | 947 | 973 |
| Current tax | 6.6% | 403 | 378 | 326 | 354 | 245 | 258 |
| Deferred tax | -120% | -1 | 11 | 21 | -5 | -1 | -0.4 |
| Total tax | 3.4% | 402 | 389 | 347 | 349 | 244 | 258 |
| Total profit (loss) for period | 2.7% | 1,120 | 1,091 | 871 | 1,047 | 704 | 716 |
| Other comp. income net of taxes | -857.1% | -66 | -6 | -27 | -3 | 8 | -114.4 |
| Total Comprehensive Income | -2.9% | 1,054 | 1,085 | 844 | 1,044 | 712 | 601 |
| Earnings Per Share, Basic | 2.9% | 12.63 | 12.3 | 9.82 | 11.8 | 7.94 | 8.06 |
| Earnings Per Share, Diluted | 2.8% | 12.62 | 12.3 | 9.82 | 11.8 | 7.93 | 8.06 |
| Debt equity ratio | 0.2% | 097 | 082 | 0.0112 | 073 | 0.01 | 092 |
| Debt service coverage ratio | 1% | 0.0142 | 038 | 0.0169 | 042 | 0.03 | 076 |
| Interest service coverage ratio | 1% | 0.1157 | 0.1067 | 0.1009 | 0.1199 | 0.08 | 0.0757 |
| Employee Expense |
| 14.2% |
| 1,717 |
| 1,503 |
| 1,362 |
| 1,143 |
| 911 |
| 1,040 |
| Finance costs | 59.9% | 767 | 480 | 240 | 195 | 181 | 149 |
| Depreciation and Amortization | 20.2% | 537 | 447 | 364 | 347 | 331 | 310 |
| Other expenses | 12.3% | 4,093 | 3,645 | 3,092 | 2,130 | 2,221 | 2,040 |
| Total Expenses | 18.2% | 50,854 | 43,017 | 34,104 | 24,473 | 19,413 | 18,051 |
| Profit Before exceptional items and Tax | -2.7% | 4,481 | 4,607 | 4,465 | 2,983 | 1,370 | 2,105 |
| Exceptional items before tax | - | 0 | 0 | 0 | -51 | -137 | 0 |
| Total profit before tax | -2.7% | 4,481 | 4,607 | 4,465 | 2,932 | 1,233 | 2,105 |
| Current tax | 4.2% | 1,117 | 1,072 | 1,140 | 779 | 351 | 552 |
| Deferred tax | 380% | 29 | -9 | -8 | -27 | 5 | 36 |
| Total tax | 7.8% | 1,146 | 1,063 | 1,132 | 752 | 356 | 587 |
| Total profit (loss) for period | -5.9% | 3,335 | 3,544 | 3,333 | 2,180 | 877 | 1,518 |
| Other comp. income net of taxes | -401.3% | -19 | -2.99 | -46 | -5.32 | 206 | -238.56 |
| Total Comprehensive Income | -6.4% | 3,316 | 3,541 | 3,287 | 2,175 | 1,083 | 1,279 |
| Earnings Per Share, Basic | -6% | 37.6 | 39.93 | 37.539 | 24.555 | 9.878 | 17.09 |
| Earnings Per Share, Diluted | -6% | 37.58 | 39.918 | 37.539 | 0 | 0 | 17.09 |
| Debt equity ratio | - | - | 053 | - | 0 | 0 | - |
| Debt service coverage ratio | - | - | 0.07 | - | 0 | 0 | - |
| Interest service coverage ratio | - | - | 0.2294 | - | 0 | 0 | - |
| Capital work-in-progress |
| 17.6% |
| 101 |
| 86 |
| 49 |
| 81 |
| 108 |
| 117 |
| Investment property | - | 1 | 1 | 1 | 1 | 1 | 1 |
| Goodwill | - | 0 | 0 | 0 | 0 | 0 | 1,058 |
| Non-current investments | 6.4% | 6,795 | 6,386 | 6,801 | 6,178 | 1,363 | 1,116 |
| Loans, non-current | 6.9% | 63 | 59 | 55 | 53 | 54 | 51 |
| Total non-current financial assets | 6.4% | 7,643 | 7,184 | 7,604 | 6,911 | 1,997 | 1,690 |
| Total non-current assets | 5.8% | 11,248 | 10,631 | 11,016 | 10,169 | 4,986 | 4,402 |
| Total assets | 25.9% | 51,701 | 41,075 | 40,104 | 32,862 | 30,335 | 25,088 |
| Borrowings, non-current | 0% | 420 | 420 | 1,809 | 3,139 | 0 | 0 |
| Total non-current financial liabilities | -82.3% | 420 | 2,363 | 1,809 | 3,139 | 0 | 0 |
| Provisions, non-current | -100.4% | 0 | 256 | 260 | 238 | 234 | 214 |
| Total non-current liabilities | 7% | 2,802 | 2,619 | 3,916 | 5,043 | 1,746 | 1,573 |
| Borrowings, current | -5% | 7,111 | 7,483 | 4,567 | 2,670 | 4,115 | 1,190 |
| Total current financial liabilities | 46.1% | 25,441 | 17,414 | 16,755 | 9,423 | 12,001 | 7,742 |
| Provisions, current | 10.1% | 143 | 130 | 58 | 81 | 84 | 118 |
| Current tax liabilities | 303.2% | 126 | 32 | 69 | 57 | 170 | 73 |
| Total current liabilities | 43.5% | 31,067 | 21,645 | 21,216 | 13,362 | 15,985 | 11,521 |
| Total liabilities | 39.6% | 33,869 | 24,264 | 25,132 | 18,405 | 17,731 | 13,094 |
| Equity share capital | 0% | 89 | 89 | 89 | 89 | 89 | 89 |
| Total equity | 6.1% | 17,832 | 16,811 | 14,972 | 14,457 | 12,604 | 11,994 |
| Total equity and liabilities | 25.9% | 51,701 | 41,075 | 40,104 | 32,862 | 30,335 | 25,088 |
| -66.9% |
| 1,144 |
| 3,458 |
| 3,089 |
| -330.12 |
| - |
| - |
| Dividends received | - | 0 | 0 | 0 | 24 | - | - |
| Interest received | -22.1% | -292 | -239 | -137 | 52 | - | - |
| Income taxes paid (refund) | -10.4% | 1,022 | 1,140 | 1,142 | 796 | - | - |
| Net Cashflows From Operating Activities | -108.2% | -170 | 2,079 | 1,810 | -1,050.12 | - | - |
| Cashflows used in obtaining control of subsidiaries | -97.4% | 126 | 4,726 | 15 | 169 | - | - |
| Proceeds from sales of PPE | -112.5% | 0 | 9 | 10 | 5.73 | - | - |
| Purchase of property, plant and equipment | -28% | 382 | 530 | 288 | 173 | - | - |
| Proceeds from sales of investment property | - | 12 | 0 | 0 | 0 | - | - |
| Cash receipts from repayment of advances and loans made to other parties | -31.6% | 0 | 0.24 | 3 | 34 | - | - |
| Dividends received | - | 1 | 0 | 0 | 0 | - | - |
| Interest received | 27.9% | 267 | 209 | 135 | 0 | - | - |
| Other inflows (outflows) of cash | - | 103 | 0 | 30 | 2,268 | - | - |
| Net Cashflows From Investing Activities | 103% | 140 | -4,682.76 | -1,653 | 1,488 | - | - |
| Payments to acquire or redeem entity's shares | -97.9% | 6 | 236 | 0 | 0 | - | - |
| Proceeds from borrowings | -54.7% | 2,093 | 4,619 | 965 | 0 | - | - |
| Repayments of borrowings | - | 0 | 0 | 0 | -225 | - | - |
| Payments of lease liabilities | - | 479 | 0 | 214 | 143 | - | - |
| Dividends paid | 9.9% | 976 | 888 | 666 | 355 | - | - |
| Interest paid | 31.5% | 631 | 480 | 240 | 0 | - | - |
| Income taxes paid (refund) | - | 0 | 0 | 0 | 195 | - | - |
| Other inflows (outflows) of cash | 99.6% | 0 | -258 | 0 | 0 | - | - |
| Net Cashflows from Financing Activities | -100% | 1 | 2,757 | -155 | -468.29 | - | - |
| Net change in cash and cash eq. | -119.7% | -29 | 153 | 2 | -30.36 | - | - |
General • 26 Dec 2025 Launch of Titan''s first Lab Grown Diamond store in Mumbai |
| 1.2% |
| 220 Cr |
| Total | 18.8 kCr |