Preview: India's Titan down ahead of quarterly update

Titan

03/11/2025 05:20

** Shares of Titan Company TITN.NS fall 1.34% to 3,696 rupees ahead of quarterly update

** Analysts estimate a consol profit of 10.28 billion rupees, per data compiled by LSEG

** Titan is expected to post double-digit revenue growth, led by pricing gains in gold - Elara Capital

** Ambit Insights says Titan's studded mix will rise gradually as new stores skew to smaller towns where the preference for studded is not as pronounced as in larger towns

** Adds, TITN is its top pick in large cap space and expects around 18-19% EBITDA CAGR over FY25-28 supported by steady revenue growth across non-jewellery segments

** Centrum expects watches and eyewear segments to report 25% and 5% y/y growth in Q2

** 35 analysts have a "buy" rating on avg; median PT is 4,000 rupees - data compiled by LSEG

** YTD, TITN up 13.6%

(Reporting by Urvi Dugar in Bengaluru)

((UrviManoj.Dugar@thomsonreuters.com))