Latest News Aiming to keep expanding both jewellery and watches and elevate investment behind emerging segments like Taneira, Titan Eye+, Wearables, and Women hand bags, Titan Company, a major player in consumer discretionary, said it is looking at 15-20% topline growth over FY24-27. This news put shares of the company in the spotlight. During the quarter that ended in March 2024, Rekha Jhunjhunwala owned a 5.
35% stake in the Titan Company, which as of Thursday's closing session was valued at Rs 15,781 Cr. For its jewellery section, Titan Company has lowered its EBIT margin forecast band from 11.5-12.
5% to 12-13%. Meanwhile, for its watches and wearables segment, it is targeting a 15% sales CAGR with EBIT margins of 12.5-14% and wearables breakeven in FY27.
For its eye care segment, the company is targeting revenue/EBIT margins targets of Rs20bn/12% by FY27 while Taneria to grow its topline by 3X over FY24-FY27 and revenue/store target of Rs10+bn/125 stores by FY27 according to Prabhudas Lilladher. Commenting on the growth outlook of Titan, the brokerage firm Prabhudas Lilladher said in a note that "We are cutting FY25/26 EPS estimates by 12.5% and 9.
9% given cut in EBIT margin guidance across Jewellery and Watches. TTAN in looking at 15-20% topline growth over FY24-27 as it aims to further scale up both Jewellery and watches and increase investment behind emerging segments like Taneira, Titan Eye+, Wearables and Women hand bags. Although jewellery business is likely to susta.
