Titan Company Ltd.

Titan Industries is currently trading at Rs. 244.60, up by 1.75 points or 0.72% from its previous closing of Rs. 242.85 on the BSE.

The scrip opened at Rs. 242.95 and has touched a high and low of Rs. 247.20 and Rs. 242.00 respectively. So far 223881 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 254.95 on 21-Feb-2012 and a 52 week low of Rs. 154.40 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 247.20 and Rs. 228.50 respectively. The current market cap of the company is Rs. 21728.57 crore.

The promoters holding in the company stood at 53.40% while Institutions and Non-Institutions held 19.48% and 27.12% respectively.

Titan Industries reported a very good set of Q4 numbers on the back of aggressive expansion plan, opening stores in more markets. That, plus some price increases in the March quarter, helped the company tide over the volume slowdown in some categories. Titan Industries reported net profit of Rs 144.28 crore for the fourth quarter, up 72.17% from net profit of Rs 83.80 crore in the same period last year, largely owing to the watches segment.

Total income has increased by 28.35% to Rs 2282 crore for the quarter under review from Rs 1778 crore in the year ago period. The stellar revenue growth is led by aggressive store roll-outs, which pose the risk of lower margins in the short run.