Reviews

TITAN COMPANY 

Ticker : 500114
FV : Rs 1
52-Week H/L : Rs 1389.85/720

We had previously recommended Titan Company in vol. 36, no. 01 (dated October 28, 2019) when the scrip was trading at Rs 1,378 and was recommended based on the company's positive business performance. On a consolidated financial front, the total income has reduced by 3.88 per cent to Rs 4,753.21 crore in Q4FY20 as against Rs 4,945.06 crore posted in Q4FY19. For Q4FY20, PBT stood at Rs 509.25 crore, up by 12.80 per cent from Rs 451.46 crore in Q4FY19. The net profit decreased by 1.50 per cent in Q4FY20 to Rs 343.07 crore from Rs 348.30 crore in Q4FY19. Post the easing of lockdown restrictions, the company has started re-opening its stores. Going forward, the company's strong balance sheet and brand equity will be useful in reducing expenditures and sustaining it for a long-term. Hence, HOLD.