Buoyant prospects beyond the near-term blip

Company
03 Jun 2024
5 Min read 
  • Titan Company held an analyst meet to discuss growth and operating margin outlook.
  •  Optimistic about sustaining strong growth across segments with guided 15-20% growth for core business.
  •  Revised EBIT margin guidance for Jewelry business to about 12%.
  •  Reduced earnings estimates by 4% and 3% for FY25 and FY26.
  •  Jewelry business has achieved strong revenue growth with a five-year CAGR of 19%.
  •  Titan aims for 15-20% yearly growth and increasing stores to 1,250 in the next three years.
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