Titan Company - Story Is Getting Better: Prabhudas Lilladher  

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Prabhudas Lilladher Report

We are optimistic on Titan Company Ltd. post its robust performance in Q4 led by -

1. 60% growth in Jewellery led by weddings
2. 90% recovery with flat sales in watches
3. 20% growth in Eyewear and
4. 80% growth in new ventures led by Taneira.

We believe spike in Covid-19 cases, region wise lockdowns and restriction in operations are likely to impact near term sales.

We believe that omni-channel strategy across jewellery, watches and eyewear will neutralise impact to some extent.

We believe segments like Taneira, eyewear and entry into over the head headphones and truly wireless earphones will emerge as major growth drivers in coming years.

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