Titan Company shares in focus after posting 13% YoY jump in Q4 net profit
Titan Company reported a 13% YoY rise in Q4 net profit to Rs 871 crore, with revenue up 22% to Rs 14,049 crore. EBITDA grew 23%, and margins expanded slightly. The company declared a Rs 11 dividend per share. Despite muted 1-year stock returns, analysts remain bullish with a 10% upside target at Rs 3,690.
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Titan Share Price Performance
Analyst Ratings and Target Price
Shares of Titan Company will be in focus on Friday after the firm reported a 13% year-on-year rise in consolidated net profit to Rs 871 crore for the fourth quarter, up from Rs 771 crore in the same period last year.The company's total income rose 22% YoY to Rs 14,049 crore during the quarter.EBITDA grew 23% YoY to Rs 1,470 crore, while EBITDA margin expanded by 8 basis points to 10.5%.The Tata Group company's total income stood at Rs 14,049 crore, up 23% compared to Rs 11,472 crore in the year-ago period.Additionally, Titan declared a dividend of Rs 11 per equity share on Thursday, payable seven days after its 41st Annual General Meeting (AGM).Shares of Titan have gained 3% over the past year. However, the stock has delivered strong long-term returns of 52% over three years and 305% over five years. Its one-year return underperformed the broader sector, industry, Sensex, and Nifty50 benchmarks.According to Trendlyne, the stock has an average target price of Rs 3,690 based on estimates from 34 analysts, implying a potential upside of 10% from current levels. The consensus rating is a 'Buy'.
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