Titan: The Growing Demand for Gold and Silver in India– In India, gold and silver are considered symbols of purity and auspiciousness, leading to a high demand for gold and silver jewelry. The current jewelry market in the country is valued at ₹6,40,000 crore and is growing at a compounded annual growth rate (CAGR) of 15-16%. By the financial year 2028, this market is expected to reach $145 billion.
- Current size of India’s jewelry market: ₹6,40,000 crore
- Annual growth rate: 15-16%
- Estimated market size by FY 2028: $145 billion
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This rapid growth has positively impacted jewelry manufacturers and retailers in the country. While there are many jewelry companies in India, Titan is recognized as the largest. Titan operates 16 brands, selling its products through over 2,000 retail stores.
About Titan
Titan Company manufactures and sells watches, jewelry, eyewear, and other accessories. The company markets watches and wearables through brands such as Titan, Titan Clock, Fastrack, Sonata, Zoop, Octane, Xylys, Helios, Titan Raga, Favre-Leuba, Nebula, and SF. Jewelry sales are driven by brands like Tanishq, Mia, Zoya, and CaratLane.
Titan also has several subsidiaries, including Engineering and Automation Limited, CaratLane Trading Private Limited, and Titan Holdings International FZCO.
Key Company Information:
| Titan’s Market Cap | ₹3,07,383 crore |
|---|---|
| Current Share Price | ₹3,462.35 |
| 52-Week High Price | ₹3,886.95 |
| 52-Week Low Price | ₹2,882.45 |
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Performance Over the Last 5 Years:
- 5-year growth: 225.19%
- 3-year growth: 95.44%
- 1-year growth: 16.3%
Titan’s Performance
Titan has been consistently performing well over the years. The company’s results for the March quarter confirm this. Titan’s revenue increased to ₹12,494 crore from ₹10,360 crore in the same quarter of the previous fiscal year 2023, reflecting a 20.60% annual growth in revenue.
Financial Status of the Company:
| Financial Year | Revenue (crore ₹) | Net Profit (crore ₹) |
|---|---|---|
| 2023 | 10,360 | 730 |
| 2024 | 12,494 | 771 |
Keep an Eye on Other Potential Multibagger Stocks
Apart from Titan, there are several other stocks that could provide multibagger returns in the future. Some of these key stocks are:
| Stock Name | 1-Year Return |
|---|---|
| Kalyan Jewellers India | 237% |
| Senco Gold | 148% |
| Thangamayil Jewellery | 46% |
These stocks have performed exceptionally well recently and are expected to continue delivering good returns in the future. Investors should consider focusing on these stocks and including them in their portfolios.
Conclusion
India’s jewelry market is rapidly growing, and companies like Titan are well-positioned to benefit from this trend. However, there are also good investment opportunities in other companies. Investors should diversify their investment portfolios by considering various stocks and expect good returns in the long term.
