Stock Idea - Buy Titan Company Ltd by Mr. Amarjeet Maurya, Angel Broking
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Stock Idea - Buy Titan Company Ltd
Duriing the 1QFY22, Titan Company (TCL) recorded revenue growth of ~120% and profit of Rs20cr against loss of Rs291cr in 1QFY21. TCL is targeting to gain market share in the Jewellery segment due to strong focus on wedding segment, huge scope for store expansion (40-50 stores every year), and gold harvest & gold exchange schemes. Further, the shift from unorganized (currently 70%) to organized (currently 30%) in the Jewellery segment will benefit branded players like Titan due to strong brand positioning and superior quality. Thus, we are positive on stock.
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