Titan Company: Titan Company is among the fastest growing companies in the country in the consumer sector. Speaking of the last 10 years, the company’s profit CAGR has been 20 percent. Investors have received over 600 per cent returns during 10 years. The company has started getting the benefit of focusing on its growth strategy after recovering from the corona epidemic. The company’s business has been strengthened especially in jewelery and lifestyle categories. Expert says that the shares of Multibagger Titan Company in the last 10 years can show good growth even further. Brokerage house MK Global has suggested Nivea with a target of Rs 1450 in the stock.
7 times increase in money in 10 years
Talking about the last 10 years, shareholders of Titan Company have become rich. During this period, the company’s stock has increased from Rs 178 to Rs 1318. The stock has grown 637 percent during this period. Here investors’ money has increased about 7 times in 10 years.
We can say that 10 years ago, if someone had invested Rs 1 lakh in the stock, then his money would have increased to 7 lakh now. Talking of 20 years, the stock has gained 527 times. The share price was close to Rs 2.5 in November 2000, which has now risen to Rs 1318.
More possibilities in jewelery segment
Brokerage house MK Global says that the Titan Company’s prospects for strong growth in its jewelery segment remain. The company has a market share with the brand franchise. Titan is focusing on store expansion, which will benefit in this wedding season. Titan will also benefit from reduced competition in the organized sector. However, apart from jewelery, recovery in other business segments will also help the stock grow.
Entry in 50 new cities in 3 years
Talking about the expansion of Titan, in the last 3 years, the company has opened 90 new stores and has entered 50 new cities. As of FY20, the company has presence in over 200 cities in the country. It is expected that the expansion will increase further, due to which the market share will also increase.
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Recovery in every business
Since the lockdown phase in the Titan Company’s business, vigorous rewiring has been seen. The company has recently given a statement that Titan’s business has reached pre-COVID level. Since July, the company’s business has reached a normal level in the September quarter i.e. Q2. The jewelery recovery rate in Q2 has been around 98 per cent on an annual basis. There has been a 55 percent recovery in watch business in Q2. 390 crore worth of jewelery is sold in Q2. Gold sales continue to grow. There is a 58 percent recovery in the eye wear business. Since then, the sentiment of investors strengthened.
Source: www.financialexpress.com
