Hold Titan, target price Rs 3,550: JM Financial

JM Financial has a hold call on Titan, setting a target price of Rs 3,550. Titan's Q3FY25 consolidated total income rose 21.92% QoQ and 24.95% YoY, with a net profit after tax of Rs 1047.00 crore. While revenue growth is expected to be strong, margin pressure and gold lease costs may lead to flat profit after tax year over year.

JM Financial has a hold call on Titan with a target price of Rs 3,550. The current market price of Titan Company Ltd. is Rs 3023.

65. Titan Company, incorporated in 1984, is a Large Cap company with a market cap of Rs 268306.73 crore, operating in the Gems and Jewellery sector.

Titan's key products/revenue segments include Jewellery, Other Operating Revenue, Watches, Eyewear, Others, Other Services for the year ending 31-Mar-2024. Financials For the quarter ended 31-12-2024, the company has reported a Consolidated Total Income of Rs 17868.00 crore, up 21.

92% from last quarter Total Income of Rs 14656.00 crore and up 24.95% from last year same quarter Total Income of Rs 14300.

00 crore. The company has reported net profit after tax of Rs 1047.00 crore in latest quarter.

The company?s top management includes Mr.Arun Roy, Mr.Ashwani Puri, Mr.

Anil Chaudhry, Mr.Sandeep Singhal, Ms.Sindhu Gangadharan, Dr.

Mohanasankar Sivapraksam, Mr.Sandeep Nanduri, Mr.Bhaskar Bhat, Ms.

Mariam Pallavi Baldev, Mr.C K Venkataraman, Mr.N N Tata, Mr.

B Santhanam. Company has B S R & Co. LLP as its auditors.

As on 31-12-2024, the company has a total of 89 Crore shares outstanding. While Titan?s revenue growth is expected to be strong, pressure on margins and incremental gold lease-related cost will lead to flat PAT YoY. Promoter/FII Holdings Promoters held 52.

9 per cent stake in the company as of 31-Dec-2024, while FIIs owned 18.11 per cent, DIIs 11.26 per cent.

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