Motilal Oswal Recommends Titan Company with Target Price of ₹5,250
Buy Titan Company; target of Rs 5250: Motilal Oswal
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Motilal Oswal has issued a positive outlook on Titan Company, projecting significant growth in revenue and EBIT by FY30. The company aims for a 2.0x increase in consolidated revenue and EBIT, with various segments, including jewelry and watches, targeting substantial growth rates.
- 01Titan Company aims for a 2.0x growth in consolidated revenue and EBIT by FY30, translating to a ~20% CAGR from FY26-30.
- 02The jewelry segment, including Tanishq, Mia, and Zoya, is expected to achieve 2.0x revenue and 1.9x EBIT.
- 03CaratLane targets a more aggressive growth of 2.3x revenue and 2.5x EBIT, reflecting a ~25% CAGR.
- 04The watches division anticipates a 2.1x revenue growth (~20% CAGR) and 2.2x EBIT.
- 05Motilal Oswal maintains a BUY rating with a target price of ₹5,250, based on a 60x Mar’28E EPS.
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Motilal Oswal's recent analyst meet focused on Titan Company (TTAN), revealing ambitious growth targets despite challenges in the jewelry industry. The company aims for a 2.0x increase in consolidated revenue and EBIT by FY30, which equates to an implied ~20% CAGR from FY26 to FY30. Within its domestic operations, the jewelry segment, encompassing brands like Tanishq, Mia, and Zoya, is projected to reach 2.0x revenue and 1.9x EBIT. CaratLane has set even higher targets, expecting 2.3x revenue and 2.5x EBIT, indicating a ~25% CAGR. The watches division is also on track for a 2.1x revenue growth, while EyeCare is projected to achieve 2.2x revenue and 2.5x EBIT. On the international front, Tanishq and Mia are expected to grow 2.5x in revenue and 5.5x in EBIT. Given these growth prospects, Motilal Oswal has reiterated a BUY rating for the stock, setting a target price of ₹5,250 based on a 60x Mar’28E EPS.
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The ambitious growth targets set by Titan Company may influence investor confidence and stock performance in the jewelry sector.
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