Titan Company from the Tata group is Rakesh Jhunjhunwala’s one of the favourite stocks. The company mainly manufactures jewellery, watches and eyewear under the brand name Titan. As the festival season is approaching, demand for gifting and jewellery will significantly increase, benefitting companies like Titan. It might be a good time to invest in shares of Titan to gain an advantage from the upcoming price appreciation. Let us find Titan’s share price target for 2023, 2024, 2025 and upto year 2030. We will also find out if Titan is the right company to invest for the long term.
In order to find the share price target of Titan upto 2030, we will study its technicals and fundamentals as well. We will also overview the jewellery sector outlook for its long term forecast. If you are day trader and looking for daily tarrgets you can check Titan’s share price target forecast for tomorrow.
About Titan Company
Titan is a big Indian accessories company that started up in 1984 as a partnership between the huge Tata Group and a government organization in Tamil Nadu. They make popular consumer items like jewelry, watches, and eyewear.
Today, Titan is one of the top 5 watchmakers in the world for their own brands. In India, they’re the number one producer of watches. Titan is also the leading branded jewelry maker in India, with lots of stores around the country. They sell their premium jewellery under brand name Tanishq. For eyewear, they sell glasses under the Titan Eyeplus brand name.
Large retail network of Titan across counties
The company has a large retail network in India and some other places like Bangladesh, Nepal, Sri Lanka, and the Middle East. So in a nutshell, Titan makes fashion accessories like watches, jewellery, and glasses that are popular in India and abroad. They’re a major success story for Indian manufacturing and the respected Tata Group of companies.
Jewellery sector outlook in India
The jewellery industry is a big deal in India! It’s one of the largest contributors to the country’s economy. India is number one globally in exporting cut and polished diamonds. The country also ranks second in exporting gold jewellery, silver jewellery, and lab-grown diamonds.
In the 2021-2022 financial year, India’s exports of gems and jewellery reached $39.45 billion. That’s a huge 54.68% increase from the previous year! Additionally, foreign direct investment in the gems and jewellery sector was $58.77 billion in 2021-2022. That’s a lot of investment flowing into the industry. (Source – Ibef)
There are also major domestic investments happening. For example, in September 2021, the Malabar Group invested $100 million to build a gold refinery and jewellery manufacturing unit in Hyderabad.
Current share price of Titan
TITAN has done remarkably well over the last 5 years! The stock has grown at an average annual rate of about 29% – that’s very strong growth.
Looking back, TITAN hit a high closing price of Rs 3,144 during this period. That’s over 4 times higher than the low closing price of Rs 749.50. Overall, the stock price has increased by around 259% in 5 years.
That’s really impressive performance. TITAN has clearly been a strong growth stock, significantly outpacing the broader market. Investors who got in 5 years ago and held on have seen the value of their investment nearly triple in that time.
Titan Share Price Target 2023
Titan’s share price target for 2023 is ₹ 3246 as our minimum target and ₹ 3400 as our maximum target, which should be reached by the 4th quarter of 2023. The net sales, which is the revenue from goods sold, generally increased from June 2022 to June 2023, although there was a small dip in September 2022. This is a good sign because it shows that the company is generating more revenue over time.
However, the total expenditure, which is the cost incurred by the company, also increased during this period. This is not surprising as the cost of doing business usually goes up when sales increase. The operating profit, which is the profit from regular business activities, remained fairly stable, with a slight increase from June 2022 to December 2022, and then a slight decrease to June 2023. This means that even though sales increased, the company’s costs also increased, so the profit from regular business stayed relatively high.
Titan Share Price Target 2024
The share price target of Titan for 2024 is ₹ 3510 as our first target and ₹ 3648 as our second target. When we look at Titan’s the Profit & Loss statement,the net sales increased significantly from March 2019 to March 2023, which is a positive sign. However, the total expenditure also increased during this period, which is expected as the company grows.
Titan share price target to remain bullish even in 2024
The bullish target for 2024 is because Titans’ operating profit increased overall even though it saw some fluctuations. But this is a good sign as it indicates the company is able to generate profit from its core business activities. The net profit, which is the profit after all expenses and taxes, also increased significantly during this period. This is a strong indicator of the company’s financial health.
Titan Share Price Target 2025
Next, let’s look at the Balance Sheet, which shows the company’s assets, liabilities, and equity at a specific time. The company’s total assets and liabilities increased from March 2019 to March 2023, which is expected as the company grows. The company has no borrowings, which is a good sign as it does not rely on debt to finance its operations.
Looking at the healthy balance sheet, Titan’s share price target for 2025 will be ₹ 3847 as minimum target and ₹ 4000 as maximum target.The equity and reserves, which is the owner’s share of the company, also increased during this period. This indicates that the company is financially stable and has a strong financial position.
Titan Share Price Target 2023 to 2030
| Year | Titan First Share Price Target | Titan Second Share Price Target |
|---|---|---|
| 2023 | ₹3246 | ₹3400 |
| 2024 | ₹3510 | ₹3648 |
| 2025 | ₹3847 | ₹4000 |
| 2026 | ₹4218 | ₹4499 |
| 2027 | ₹4483 | ₹4621 |
| 2028 | ₹4819 | ₹5191 |
| 2029 | ₹5455 | ₹5593 |
| 2030 | ₹5792 | ₹6393 |
The share price target of Titan is expected to reach upto ₹6393 by end of 2030. Looking at Titan’s money situation, they are in pretty good shape overall. Their total sales keep going up, which is excellent. They don’t have any debt on their books either, which is another plus point. And their operating cash flow – the cash they generate from daily business – is staying positive.
Why you should invest in Titan Company
- Revenue and profits are up – this shows Titan’s business is growing steadily over time. Always a positive sign!
- No debt on the books – Titan isn’t borrowing money to keep things running. This means financially they are standing on their own two feet.
- Increasing reserves – By holding onto more of its earnings, Titan is building up a rainy day fund. Smart move.
Things to consider before investing in Titan
- Expenses rising too – Can’t lose sight of costs as the business expands. Keeping expenses in check will help profitability.
- Negative cash flow from investments – While investing for the future is wise, Titan needs these investments to start generating returns sooner rather than later.
- High PE – The PE ratio of Titan is high at a value of 84, which makes the company expensive on paper.
Overall, Titan is in a healthy place right now. But keeping costs under control and making investments pay off will be key as they continue growing. There are no major red flags, but a few things to watch.
Titan's Financials (Quarterly in cr)
| PARTICULARS | JUN 2022 | SEP 2022 | DEC 2022 | MAR 2023 | JUN 2023 |
|---|---|---|---|---|---|
| Net Sales | 8,961 | 8,730 | 10,875 | 9,704 | 11,145 |
| Total Expenditure | 7,797 | 7,496 | 9,545 | 8,660 | 10,042 |
| Operating Profit | 1,164 | 1,234 | 1,330 | 1,044 | 1,103 |
| Other Income | 44 | 60 | 91 | 104 | 99 |
| Interest | 55 | 50 | 61 | 74 | 79 |
| Depreciation | 87 | 89 | 93 | 95 | 99 |
| Exceptional Items | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 1,066 | 1,155 | 1,267 | 979 | 1,024 |
| Tax | 273 | 298 | 316 | 245 | 247 |
| Profit After Tax | 793 | 857 | 951 | 734 | 777 |
| Adjusted EPS (Rs) | 8.91 | 9.63 | 10.69 | 8.25 | 8.73 |
Titan share price target by brokers
Prabhudas Lilladhar (21 AUG 2023)
- Target Price: ₹3300.00
- Recommendation: Accumulate
- Last Traded Price (LTP): ₹3129.95
- Upside: 5.43%
Geojit BNP Paribas (05 AUG 2023)
- Target Price: ₹3150.00
- Recommendation: Hold
- LTP: ₹3129.95
- Upside: 0.64%
HDFC Securities (03 AUG 2023)
- Target Price: ₹2600.00
- Recommendation: Sell
- LTP: ₹3129.95
- Downside: 16.93%
ICICI Securities Limited (03 AUG 2023)
- Target Price: ₹3200.00
- Recommendation: Accumulate
- LTP: ₹3129.95
- Upside: 2.24%
Motilal Oswal (03 AUG 2023)
- Target Price: ₹3325.00
- Recommendation: Buy
- LTP: ₹3129.95
- Upside: 6.23%
Chola Wealth Direct (07 JUN 2023)
- Target Price: ₹3350.00
- Recommendation: Buy
- LTP: ₹3129.95
- Upside: 7.03%
Future of Titan
Titan’s been doing really well lately! Their sales have gone up steadily over the past few quarters. That shows people are buying a lot of their products. If that keeps up, it’ll help Titan stay on top in their industry.
The company’s also making good profits overall, even if they go up and down a little. That means they’re managing costs and running things pretty smoothly.
But things can always change fast in business. Even though Titan’s in a strong position now, they need to keep looking ahead.
One thing they could work on is keeping their operating profits stable. While they’re still making money, those profits bounce around some. Smoothing out how they get supplies, upgrading technology, and finding ways to streamline operations could help with that.
FAQ's on Titan share price target
What will be Titan share price target in 2026?
As per Fibonacci analysis, Titan’s share price target will be in the range of ₹4218 to ₹4499 in the year 2026.
What will be Titan share price target in 2027?
The expected share price target of Titan for 2027 is ₹4483 as the minimum target and ₹4621 as the maximum target.
What will be Titan's share price target in 2028?
As the company keeps improving its financials, it will generate great returns for investors even in the year 2028. Titan’s share price target for 2028 will be ₹5191 as the maximum price target.
How much does Rakesh Jhunjhunwala holds in Titan?
Rakesh Jhunjhunwala has holdings worth 14950.85 cr in Titan Company.
Finan words in Titan share price target
While Titan Company’s current financial health is commendable, the future demands proactive strategies. By focusing on operational efficiency, smart financial leveraging, and effective working capital management, Titan can not only sustain its growth but potentially accelerate it in the coming years. But I belive the renounded Tata group is super efficient in managing its companies which make me believe Titan’s share price target will grow at a good pace in coming years.
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