Titan Company introduces 'Hues', a new line of over 200 coloured gemstone jewelry designs under Tanishq, aiming to attract the millennial market. Given that 87% of Q3 revenue was from jewellery sales and with rising gold prices, Titan is strategically focusing on the affordable sub-₹1L segment.
Steel companies Eternal, Titan, JSW Steel, and Tata Steel are expected to experience significant profit growth of over 50% YoY in Q4, with Eternal's Profit After Tax (PAT) projected to surge by a remarkable 432%, while Titan's PAT is anticipated to increase by nearly 60%. These strong numbers indicate a promising quarter for the steel sector.
Titan reports a significant 42% year-on-year increase in domestic sales, driven by the addition of 42 new stores within the country. The jewelry sector saw an impressive 46% growth, while watches showed a more modest 7% rise. International sales soared 156% YoY.
In the fourth quarter of this fiscal year, the retail sector experienced a significant 23% increase in revenue due to increased demand for jewelry. HSBC analysts emphasize that this sector has shown resilience, withstanding escalating production costs, thanks to strong same-store sales growth in the jewelry segment.
Titan is aiming to increase sales of entry-level jewelry by focusing on the use of vibrant, appealing colored gemstones in their designs.
According to MOFSL, Indian equities are expected to rebound in FY27, recovering from the underperformance in FY26 due to foreign institutional investor (FII) outflows and geopolitical risks. Notable stocks that could perform well include Bharti Airtel, SBI, ICICI Bank, M&M, Titan, Infosys, TVS Motors, with mid-cap stocks potentially outperforming large-caps in the upcoming fiscal year.
Titan, Adani Power, and GPIL are currently considered bullish investments, with projected highs of Rs. 4,500 for Titan, Rs. 180 for Adani Power, and Rs. 298 for GPIL. These stocks have shown signs of growth: Titan has had a breakout, Adani Power has confirmed an uptrend, and GPIL has broken out from a triangle pattern, with Relative Strength Indicators (RSI) above 60 for all three stocks, suggesting strong momentum.
Analysts suggest investing in Adani Power, Titan, Cummins India, Mankind Pharmaceuticals, and Arvind Ltd, due to their positive technical trends and sectoral performance. Expected price levels for these stocks are Rs 170 (Adani Power), Rs 4,180 (Titan), Rs 4,820 (Cummins India), Rs 2,250 (Mankind Pharma), and Rs 430 (Arvind Ltd).
Motilal Oswal identifies key investment themes in the volatile market, noting geopolitical tensions between Iran and Israel and a depreciating rupee as factors. Their top stock picks include SBI, ICICI Bank, BEL, IndiGo, Titan, TVS Motor, Groww, Dixon Tech, with the Nifty 50 offering value at a 15% P/E discount.
Titan Company's AAA rating by ICRA remains unchanged for two instruments worth 6,200 crores and 1,000 crores. The enhanced working capital facilities, totaling 14,750 crores, now receive a stable AAA rating, an increase from the previous 7,305 crores.
Titan Company receives a high credit rating of AAA (stable) and A1 from ICRA, signifying a strong capacity to repay its INR 21,950 crore debt, indicating financial stability and reliability in the capital market.