1:10 Stock Split: Tata Stock Makes Big Announcement, Shares Could Go Parabolic!

Large cap Tata Group stock Titan Company Limited shares gained 1.02% in trade today on BSE to Rs 3628.95 per share. The company today it is likely to debut its CaratLane jewellery, according to its managing director CK Venkataraman.
The company is planning to cater to soaring demand from the Indian diaspora abroad, and Tanishq likely to open 40 stores abroad by the end of FY25, according to a report published in Livemint.

"We have a target for it (international business) for the near term, but I'm not yet ready to share it in public. But by March 2025, we hope to have 40 Tanishq stores outside India. Considering that we had zero stores outside India till September of 2020, we are climbing, it's a scorching pace of growth (in international markets)," Venkataraman stated in an interview to Livemint.

Earlier, Tanishq has already opened its maiden international store in Dubai'S Meena Bazaar in October 2020 and also launched it maiden store in New Jersey in 2023. Check details below:

Titan Company Limited Shares Performance & Return: The 52-week high price of Titan Company Limited shares on BSE is Rs 3,885.00 per share and 52-week low price is Rs 2467.45 apiece, respectively. The company has a market capitalisation of Rs 3,22,173.16 crore. Titan Company Limited shares declined 1.25% year-to-date, soared 10% in last 6-months, and gave return of 44% in last 1-year. In last 3-years, Titan Company shares gave return of 147% and jumped 229% in last 5-years. The scrip witnessed a sharp surge of 1322% in last 10-years.

Titan Company Stock Split History: Titan Company undertook stock split once since June 23, 2011. Titan Company split the face value of its shares from Rs 10 to Re 1 in 2011. Titan share traded ex-split on June 23, 2011.

Titan Company Bonus Share: Titan offered 1 bonus issue since June 23, 2011. The last bonus issue that leading gems & jewellery company declared was in the ratio 1:1 with ex-bonus date fixed as June 23, 2011.

Titan Dividend History: Titan Company announced 23 dividends since July 30, 2001. In last 12 months period, Titan Company announced an equity dividend amounting to Rs 10.00 per share. At the current share price of Rs 3628.95 apiece, Titan's dividend yield is 0.28%.

Rekha Jhunjhunwala Stake In Titan: As of December 31, 2023, Rekha Jhunjhunwala held 47,695,970 equity shares representing 5.4% stake in the large cap company. As of January 20, 2024, Rekha's shareholding in Titan is estimated at more than Rs 18,051 crore.

Sharekhan On Titan: The brokerage firm decided to retain a buy on Titan with a revised price target of Rs. 4,112 and the stock trades at 46x/40x its FY2025E/26E EV/EBIDTA. Jewellery business continues to shine, registering a 23% y-o-y growth driven by double-digit growth in footfalls. Titan is eyeing a revenue CAGR of over 20% during FY2022-FY2027 led by an ambitious growth plan in the medium term. Though this will have some hit on margins initially, it expects consistent growth and improved mix to drive margins in the long run. Strong growth outlook, focus on sustained market share gains, and strong balance sheet makes it the best play in the discretionary space, said Sharekhan.

Titan Company Financials: The company for the quarter ended September 30, 2023 declared its consolidated net profit at Rs 916 crore, up 10% as against Rs 835 crore in the corresponding quarter of last year. Its consolidated income for the quarter under review soared 24% YoY to Rs 10,837 crore as compared to Rs 8,742 crore in the similar quarter of last year. Titan's EBIT for the quarter under consideration jumped 16% YoY to Rs 1392 crore. However, EBIT margin for the quarter narrowed 90 basis points YoY to 12.8% as against 13.7% in the year ago tenure.

About: Titan Company Limited ("Titan"), a joint venture between the Tata Group and the Tamilnadu Industrial Development Corporation (TIDCO), commenced its operations in 1987 under the name Titan Watches Limited. In 1994, Titan diversified into jewellery (Tanishq) and subsequently into EyeCare. The

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