Review

TITAN COMPANY LTD

Ticker : 500114​
FV : Rs 1
52-Week H/L : Rs 1,518.80/720

We had previously recommended Titan Company Ltd in vol. 36, no. 01, dated October 28, 2019, when the scrip was trading at Rs 1,378. The company offers various products like jewellery, eyewear, watches, fashion goods as well as consumer goods. The total income reported for Q2FY21 was Rs 4,601, a decline of 1.96 per cent compared to Rs 4,693 crore for the same quarter in the previous year. Similarly, on a YoY basis, its net sales dropped 10.28 per cent and were reported to be Rs 4,127 crore at the end of Q2FY21. Its operating profit also saw a decline of 34.84 per cent from Rs 554 crore in Q2FY20 to Rs 361 crore in Q2FY21. The company was able to generate a profit of Rs 174 crore in the second quarter compared to a loss of Rs 293 crore in the first quarter. Hence, we recommend our investor readers to BOOK PROFIT at Rs 1,516.65 per scrip as of December 17, 2020, with a gain of 10.06 per cent.