1. Titan Company
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68% Buy

Titan Company Share Price

TITAN

₹3,619.30-₹91.90 (-2.48%) Past Year
₹3,609.45₹3,694.80
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Company overview

About

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Market cap

Market Cap Switch₹3,19,133 Cr

Open

₹3,689.55

Close

₹3,711.20

Circuit range

₹4,082.30 - ₹3,340.10

Day range

₹3,609.45 - ₹3,694.80

Year range

₹2,559.25 - ₹3,886.95

Volume

19,10,561

Avg. traded

₹3,638.50

Revenue (12m)

₹48,950 Cr

Titan Company

Titan Company Ltd is a leading player in the Indian lifestyle industry. Established initially as a watch company, Titan has evolved into a diversified player with an extensive range of brands across categories. Its brands span various verticals such as jewellery, watches, wearables, eyecare, fragrances and fashion accessories. Some of its brands include Tanishq, Zoya, Fastrack, Sonata, SKINN and Taneira.

Titan started its operations in 1984 as a joint venture between the Tata Group and state entity Tamilnadu Industrial Development Corporation (TIDCO). The company, then named as Titan Watches Ltd, started with one product category. The company renamed itself as Titan Industries Ltd in 1993. It launched its jewellery brand Tanishq in 1994 and subsequently ventured into EyeCare with Titan+ brand. The Fastrack brand for the younger population in 1998.

Over the last three decades, Titan has expanded into underpenetrated markets and created lifestyle brands. Titan is well-known for bringing changes to the watch and jewellery industry in India and for shaping India's retail market in the segment. The company now houses 16 brands across categories with over 2,000 stores, nearly 8,000 employees and 38,000 people in the overall Titan ecosystem.

Titan Company Ltd has become a prominent player in the lifestyle industry with a market capitalisation of ₹3.19 lakh crore as of December 12, 2023. Titan Company stock price has appreciated 149% in the last three years.

Titan business operations

Watches and wearables division

Titan started as a watch company with a plant to manufacture quartz analog electronic watches. The company is now a major player in the segment with popular brands such as Titan, Sonata and Fastrack. It has also ventured into growing wearables segment with brand like Revoltt. In FY23, the watches and wearables division contributed ₹3,296 crore to the overall revenue of the company, a growth of 43% year-on-year.

Jewellery division

Titan's jewellery division houses popular brands like Tanishq and luxury brand Zoya. It also owns brands like Mia and Caratlane that offer various gold, silver, diamond and gemstone jewellery items. The company had 7% market share in the jewellery market with a network of 763 retail stores in 253 towns across India, as of March 31. The jewellery division reported a strong 37% growth in FY23 at ₹31,897-crore revenue.

Eyecare division

Titan has a presence in the organised eyecare segment with retail brand Titan Eyeplus. Under this brand, the company offers prescription glasses, sunglasses and contact lenses. Titan entered the eyecare segment in March 2007. It had over 900 retail stores in more than 350 towns of the country as of March 31, 2023.

Fragrances and fashion accessories division

Titan offers products like lifestyle products such as bags, belts, and perfumes under the brands like SKINN, IRTH and Fastrack. It has presence in more than 700 Titan World and Fastrack outlets and over 2,200 multi brand outlets in supermarket store chains.

Indian dress wear division

Titan offers products such as sarees, lehengas, and other traditional garments and handlooms products under brands like Taneira.

Financials

Revenue from operations stood at ₹38,270 crore in FY23 compared to ₹27,210 crore in FY22. Total expenses increased to ₹ 34,104 crore in FY23 compared to ₹24,473 crore in the previous financial year. EBITDA (earnings before interest, taxes, depreciation, and amortization) surged 43.8% to ₹5,069 crore in FY23 compared to ₹ 3,525 crore in FY22. EBITDA margins improved to 13.9% in FY23 from 13.3% in FY22. The company’s net profit stood at ₹3,287 crore in FY23, up 51.12% year-on-year compared to ₹2,175 crore in preceding fiscal.

Segment wise revenue in FY23

Revenue from jewellery division stood at ₹31,897 crore, up 37.1% against ₹23,268 crore in FY22. Watches and wearables division reported ₹3,296 crore revenue , a 42.7% growth from ₹2,309 crore in preceding fiscal.
Eyecare segment’s revenue stood at ₹689 crore, an increase of 33.3% from ₹517 crore in FY22.

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Titan Company Key indicators

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52 week high

₹3,886.95

52 week low

₹2,559.25

P/E ratio

95.41

P/B ratio

24.46

ROE

31.2%

ROCE

28.49%

Dividend yield

0.27%

Debt/Equity ratio

0.52

EPS

37.45

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Investment checklist: (4/6)

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Equity returns

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Dividend returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

68%

Hold

21%

Sell

11%

This analysis is based on the reviews of 28 experts in the last 7 days

Brands by Titan Company

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Fastrack

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Skinn

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Sonata

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Tanishq

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Titan Clock

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Titan Eye Plus

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Zoop

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

13.25%

Net profit margin

8.71%

ROE

31.2%

ROA

14.83%

ROCE

28.49%

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Titan Company Shareholder returns

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1 day

+0.87%

1 week

-0.04%

1 month

-2.00%

3 months

-0.09%

1 year

+43.64%

3 years

+133.12%

5 years

+237.32%

Revenue statement

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Cash flow

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Balance sheet

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Titan Company Share Price history

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DayOpenCloseDay’s change
Wed, Apr 10 2024
₹3,690.00
₹3,711.20
+0.57%
Tue, Apr 9 2024
₹3,755.00
₹3,679.35
-2.06%
Mon, Apr 8 2024
₹3,798.65
₹3,748.90
-1.33%
Fri, Apr 5 2024
₹3,778.40
₹3,754.45
-0.64%
Thu, Apr 4 2024
₹3,740.00
₹3,782.75
+1.13%
Wed, Apr 3 2024
₹3,745.10
₹3,712.50
-0.88%
Tue, Apr 2 2024
₹3,754.00
₹3,755.95
+0.05%
Mon, Apr 1 2024
₹3,822.95
₹3,738.40
-2.26%

Shareholding info

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Promoters (52.9%)

Mutual Funds (5.54%)

Retail and other (17.78%)

Foreign institutions-FII (18.89%)

Other domestic institutions (4.89%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹10/share

    Ex date 13 Jul 2023

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  • Dividend • ₹7.5/share

    Ex date 08 Jul 2022

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Frequently asked questions