Stock Name : TITAN Buy : 1518 Posted Date : May 18, 2021
Stopless : 1450 Target : 1630 / 2 Months

About the company: Titan Company Limited (Titan), a joint venture between the Tata Group and the Tamil Nadu Industrial Development Corporation (TIDCO), commenced its operations in 1984 under the name Titan Watches Limited. Titan’s brand portfolio includes Titan, Sonata, FastTrack, Raga, Xylys, Favre Leuba and Nebula for watches; and Tanishq, Mia, Carat Lane and Zoya for jewelry.

The Company holds a 49% equity stake in a joint venture entered into with Montblanc Services B.V., the Netherlands for the operation of retail boutiques in India for Montblanc products. Subsidiaries:Titan Engineering & Automation Limited: Formerly known as TITAN-Precision Engineering division (PED) is a wholly owned subsidiary of Titan Company Limited. TEAL is a full-fledged machine building and automation and component manufacturing businesses catering to the global markets.
Favre Leuba AG (FLAG) is a 100% subsidiary of Titan Company Limited. The company is headquartered in Solothurn, Switzerland and owns the Favre Leuba brands, one of the oldest Swiss watch brands.

Carat Lane is an omnichannel brand which makes contemporary jewelry, it operates 16 retail stores across India and it also has an online shopping website. Titan Watch Company Limited, Hong Kong, is currently a 100% subsidiary of Favre Leuba AG,Switzerland.Titan Holdings International FZCO (“Titan Holdings”), Dubai, carry out business activities and invest in the share capital of any other companies/entities either as a joint venture partner or as its wholly-owned subsidiary company for carrying out business activities.

Titan Global Retail LLC, Dubai (Titan Global) out business activities and retail trade in the UAE and the GCC Region, for the lifestyle businesses in which Titan Company Limited operates.

Management: Mr. N Muruganandam is the Chairman and Mr. C K Venkataraman is the Managing Director of the company.

Shareholding Pattern:
 Promoters: 52.9%
 Foreign Institutions: 18.1%
 N Banks Mutual Funds: 4.36%
 Central Govt: 0.35%
 Others: 2.19%
 General Public: 15.34%
 Financial Institutions: 6.77%

Sales Report: For latest quarter which ended on 31-12-2020, Titan has reported a Consolidated Total Income of Rs 7,659.00 Crore and net profit after tax stood at Rs 530.00 Crore.

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