Reviews

TITAN COMPANY LTD. 

Ticker : 500114
FV: Rs 1
52-Week H/L: Rs 1389.85/869 

We had previously recommended Titan Company Ltd. in volume 36, issue no. 1 (dated October 28, 2019), when the stock was trading at Rs 1,378. TITAN's product portfolio includes jewellery, eye-wear, watches, fashion goods, and several other consumer goods. The company’s watches and accessories are retailed through World of Titan, Helios and Fastrack stores. The stock was previously recommended based on the strong technical perspective. In Q2FY20, the company's revenue increased by 0.40 per cent to Rs 4,370.82 crore from Rs 4,353.39 crore in Q2FY19. The PBT for Q2FY20 stood at Rs 429.42 crore, a decrease of 3.69 per cent as compared to Rs 445.89 crore in Q2FY19. In Q2FY20, the net profit increased by 1.84 per cent to Rs 320.16 crore as against Rs 314.38 in Q2FY19. The company intends to increase its market share through opening new stores during the next quarters. Thus, we recommend a HOLD.