Titan Company "Vision, execution and ambition: Highlights from Investor..."

Research evidence excerpt

Titan Company "Vision, execution and ambition: Highlights from Investor..."

Global Research

8 June 2026ab

Titan Company Equities

IndiaVision, execution and ambition: Highlights from

Investor Meet 2026 Retailers, Specialty

12-month rating Buy

12m price target Rs5,600.00Investor day lays out structural growth agenda across businesses

Titan's annual capital markets day is a forum where it lays out its 4-5 year growth

ambition across businesses. Almost each investor day since 2018 has laid out these Price (05 Jun 2026) Rs4,260

growth ambitions and one thing that really stands out is that Titan's overall execution RIC: TITN.BO BBG: TTAN IB

has exceeded these growth targets consistently (despite unseen challenges in between

as such as Covid, Ukraine conflict or even gold price volatility) especially in core Trading data and key metrics

businesses. In its recent such event on 4 June, 2026, Titan looks to again double its 52-wk range Rs4,526.30-3,315.00

revenue and profits over the next 4 years (FY26-FY30) implying a CAGR of 18-20%. Market cap. Rs3,782b/US$39.8b

TItan's detailed roadmap across businesses, along with strategic choices Titan is making, Shares o/s 888m (ORD)

makes it a very credible growth agenda and positions Titan as one the most compelling Free float 50%

India consumer stories in our view. Avg. daily volume ('000) 1,223

Avg. daily value (m) Rs5,190.3

Leading across businesses Common s/h equity (03/27E) Rs254b

1) Consumer trust fuels Titan. It sees itself as lifestyle focused, design led firm with a P/BV (03/27E) 14.9x

manufacturing DNA. 2) Jewellery grew by 23% CAGR in the past 5 years, and Titan is Net debt to EBITDA (03/27E) NM

aiming for c20% CAGR in the next 4 years too (this is an uplift in the previous ambition

of keeping growth between 15-20%).