Titan Company Q1 Review - On Track But Watch For The Third Wave: Prabhudas Lilladher

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Prabhudas Lilladher Report

Titan Company Ltd. remains positive on recovery given rising vaccination, although a couple of large south Indian states remain a drag.

We believe that with-

1. rise in wedding jewellery sales and ticket size in H2 FY22,

2. Improvement in studded ratio,

3. healthy recovery in watches and eyewear and

4. implementation of mandatory hallmarking will be major growth drivers for Titan going forward.

We remain positive on the long term structural story on account of market share gains, strong balance sheet, franchisee based model, strong brand, and strong head start in executing strategies like customer safety and omni channel across product segments.

Foray into the U.S. will provide long term growth potential.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.