Titan Q4 Update: Shares of Tata Group Company Titan surged nearly 7% during early trades today after the company announced a strong business update for the January-March quarter of FY2024-25.

At 11:30 AM, the company’s shares were trading 3.31% higher at ₹3,122.10 per share.

Business Updates

Titan reported a 25% year-on-year increase in revenue across all of its verticals. Its flagship jewellery segment witnessed a 25% growth compared to the corresponding quarter last year, fueled by a significant uptick in gold prices.

The company’s eyecare segment clocked a 19% rise in revenue, supported by an increase in customer base. Its watches and wearables division reported a 22% increase in revenue, while fragrances and fashion accessories grew by 26% year-on-year.

Caratlane – the company’s digital-first jewellery brand posted a 22% year-on-year growth. On the flip side, sales of its ethnic wear brand Taneira dipped by 4%.

Factor Analysis

Factor Analysis of Titan Stock

Historical Performance

The company’s share price fell by 16.50% in the past year, however, it has gained 27.58% in the past three years and 231.31% in the past five years.

Titan is a large-cap blue-chip company with a market capitalization of over ₹2,68,307 crores. On a TTM basis, its shares are trading at a P/E ratio of 82.84, which is slightly higher than the industry average of 76.20, which could mean that investors are willing to pay a premium for the stock.

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