{"id":2306,"date":"2024-07-08T16:13:30","date_gmt":"2024-07-08T10:43:30","guid":{"rendered":"https:\/\/www.eqwires.com\/tutorials\/?p=2306"},"modified":"2024-07-08T16:13:31","modified_gmt":"2024-07-08T10:43:31","slug":"titan-share-price-falls-over-3-as-q1-jewelry-business-growth-disappoints","status":"publish","type":"post","link":"https:\/\/www.eqwires.com\/tutorials\/titan-share-price-falls-over-3-as-q1-jewelry-business-growth-disappoints\/","title":{"rendered":"Titan share price falls over 3% as Q1 jewelry business growth disappoints"},"content":{"rendered":"\n

Titan’s share price declined over 2% in early Monday trade after the Tata Group company reported weak growth in the jewelry business during the first quarter of FY25, disappointing the street. Titan shares plunged as much as 3.46% to \u20b93,156.15 apiece on the BSE, extending the fall for the fifth trading session.<\/p>\n\n\n\n

Titan Company registered a growth of 9% year-on-year (YoY) in Q1FY25, the company said in its quarterly business update on July 5. Its domestic jewelry operations grew 8% YoY, impacted by weakness in consumer demand on account of a surge in gold prices and a lower number of wedding days.<\/p>\n\n\n\n

Domestic growth came largely through an increase in average selling prices whereas buyer growth was in the low single digits, the company said.<\/p>\n\n\n\n

In the Watches & Wearables segment, the domestic business grew 14% YoY, with revenue growth in analog at a healthy 17% YoY. Wearables witnessed a decline of 6% YoY.<\/p>\n\n\n\n

EyeCare\u2019s domestic business recorded a growth of 3% YoY, while the division\u2019s foray into affordable fashion is aiding volume growth for the category.<\/p>\n\n\n\n

Titan Company added a total of 61 stores (net) during the June 2024 quarter expanding its combined retail network presence to 3,096 stores.<\/p>\n\n\n\n

Titan\u2019s Q1FY25 quarter performance was below Antique Stock Broking\u2019s expectations due to weakness in the jewelry business.<\/p>\n\n\n\n

Caratlane continues to perform strongly, growing 18% YoY while Emerging businesses witnessed moderation with revenue growing 4% with Taneira and Fragrances & Fashion Accessories growing 4% YoY.<\/p>\n\n\n\n

Antique Stock Broking remains optimistic about Titan Company over the long term, given its ability to gain market share across geographies (including the South) on the back of strong execution and brand. It expects Titan to deliver sales\/ earnings CAGR of 21%\/ 28% over FY24\u201327E.<\/p>\n\n\n\n

The brokerage firm maintained its \u2018Buy\u2019 recommendation on Titan shares with a target price of \u20b94,490 per share.<\/p>\n\n\n\n

On Friday, Titan shares ended nearly 2% lower after Kotak Institutional Equities downgraded the stock to \u2018Reduce\u2019 from \u2018Add\u2019 and cut the target price to \u20b93,075 per share from \u20b93,600 earlier citing multiple margin headwinds and unfavorable risk-reward.<\/p>\n\n\n\n

The brokerage cut Titan\u2019s FY 2025-2027 EPS (earnings per share) estimates by 5-6% factoring in external headwinds such as competitive intensity that is likely to exacerbate with the launch of Aditya Birla Group\u2019s Novel Jewels and direct\/indirect impact of LGDs on Tanishq\u2019s studded growth and profitability.<\/p>\n\n\n\n

\u201cWe admire Titan\u2019s execution, but the risk-reward is unfavorable amid these headwinds and high expectations,\u201d Kotak Equities said in a note.<\/p>\n\n\n\n

Titan’s share price has fallen over 8% in one month and 16% in three months. The stock is down over 14% year-to-date (YTD).<\/p>\n\n\n\n

At 9:20 am, Titan shares were trading 3.38% lower at \u20b93,158.70 apiece on the BSE.<\/p>\n\n\n\n

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Titan’s share price declined over 2% in early Monday trade after the Tata Group company reported weak growth in the jewelry business during the first quarter of FY25, disappointing the street. Titan shares plunged as much as 3.46% to \u20b93,156.15 apiece on the BSE, extending the fall for the fifth trading session. Titan Company registered a growth of 9% year-on-year (YoY) in Q1FY25, the company said in its quarterly business update on July 5. Its … Continue reading “Titan share price falls over 3% as Q1 jewelry business growth disappoints”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":2307,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[201,172,136,138,134,164,217,368,139,140,324,106,272,266,98,72,97,184,73,268,135,137,133,330,104,141,299,161,160,159,74,75,210,158,166,311,228,227,103,254,102,224,257,298,300,101,105,301,165,327,329,76,77,78,79,247,365,308,361,363,215,216,174,80,81,99,218,82,340,339,320,183,168,167,170,251,83,84,85,86,87,108,88,202,155,154,273,89,100,90,91,92,93,94,95,236,255,385,232,231,250,96,3,260,252,248,249,322,107,192,220,360,275,223,156,157,341,246,238,207,177,176,175],"tags":[4,5,267,6,200,7,12,116,19,149,147,173,145,14,118,11,150,153,265,120,9,271,190,191,13,188,18,318,8,185,316,10,17,269,148,151,146,15,331,319,16,122,144,162,23,41,25,24,27,21,194,50,312,229,226,124,33,253,126,225,119,20,258,28,297,49,127,315,121,230,295,125,115,22,113,29,328,333,317,332,334,314,52,123,131,348,366,357,309,310,359,362,354,349,351,364,213,26,182,111,130,31,62,34,30,42,219,57,112,186,169,56,171,64,132,206,59,53,264,128,43,336,242,237,51,110,32,187,35,55,44,270,288,196,47,37,195,45,39,36,40,203,38,143,152,129,142,46,48,63,67,60,61,65,234,71,235,54,256,117,386,233,68,193,241,335,205,261,263,209,262,337,244,66,204,70,109,259,221,291,274,222,163,69,58,342,239,208,114,178,181,179,180,290],"class_list":["post-2306","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accurate-stock-tips-provider-in-india","category-best-advisory-service-provider-for-beginners","category-best-bank-nifty-future-calls","category-best-bank-nifty-options-tips-provider","category-best-bank-nifty-trading-tips-provider","category-best-equity-advisory-services-in-india","category-best-ethical-investment-advisor-in-india","category-best-financial-advisor-websites-in-india","category-best-index-future-services","category-best-index-options-services","category-best-intraday-advisor-in-india","category-best-intraday-call-provider","category-best-intraday-jackpot-calls","category-best-intraday-research-company","category-best-intraday-tips-for-tomorrow","category-best-intraday-tips-provider-in-india","category-best-intraday-tips-site","category-best-intraday-tips-website-in-india","category-best-investment-advisor-in-india","category-best-jackpot-tips-provider","category-best-nifty-future-calls","category-best-nifty-options-tips-provider","category-best-nifty-trading-tips-provider","category-best-option-trading-telegram-channel","category-best-options-tips-provider-in-india","category-best-options-trading-tips-provider-in-india","category-best-paid-stock-recommendation-sites-india","category-best-performing-pms-in-india","category-best-pms-in-india","category-best-portfolio-management-services-in-india","category-best-sebi-registered-advisory-company","category-best-sebi-registered-investment","category-best-sebi-registered-investment-advisor","category-best-sebi-registered-research-analyst","category-best-sebi-registered-stock-tips-provider","category-best-sebi-registered-telegram-channel","category-best-share-market-advisor-in-india","category-best-share-market-advisory-company-in-india","category-best-share-market-consultants-in-india","category-best-share-market-tips","category-best-share-market-tips-provider-in-india","category-best-share-tips-provider-in-india","category-best-stock-advisor","category-best-stock-advisor-websites-in-india","category-best-stock-advisory-service-in-india","category-best-stock-market-advisory-services-in-india","category-best-stock-market-tips-provider-service","category-best-stock-recommendation-service-in-india","category-best-stock-tips-provider-in-india","category-best-stock-tips-provider-in-telegram","category-best-telegram-channel-for-stock-market-tips-in-india","category-business","category-commodity-market","category-currency","category-equity-market","category-equity-research-analyst","category-eqwires-best-investment-advisor-in-india","category-eqwires-best-sebi-registered-investment-advisor-in-india","category-eqwires-best-stock-advisor-websites-in-india","category-eqwires-most-successful-stock-advisors-in-india","category-ethical-sebi-registered-investment-advisor","category-ethical-sebi-registered-research-analyst","category-fact-about-operator-based-calls","category-fii-based-calls","category-foreign-markets","category-free-intraday-stock-tips-for-tomorrow","category-genuine-intraday-tips-provider","category-genuine-stocks-tips-provider","category-googles-highest-ranking-sebi-registered-research-analyst","category-googles-highest-ranking-sebi-registered-stock-advisory-company","category-high-accuracy-intraday-tips","category-how-can-i-make-profit-in-intraday-trading","category-how-to-earn-profit-from-intraday-trading","category-how-to-invest-in-stock-market","category-how-to-make-profit-in-intraday-trading-in-share-market","category-intraday-tips","category-intraday-tra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