Titan Company Ltd - Stock Valuation and Financial Performance

BSE: 500114 | NSE: TITAN | Diamond & Jewellery | Large Cap

Titan Co Share Price

3,254.75 -28.85 -0.88%
as on 12-Feb'25 16:59

DeciZen - make an informed investing decision on Titan Co

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Titan Company stock performance -

P/E Ratio (SA):
88.88
Market Cap:
2,88,952.2 Cr.
52-wk low:
3,059
52-wk high:
3,866.2

Is Titan Company Ltd an attractive stock to invest in?

1. Is Titan Company Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Titan Company Ltd is a good quality company.

2. Is Titan Company Ltd undervalued or overvalued?

The key valuation ratios of Titan Company Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Titan Company Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Titan Company Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Titan Co:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Titan Company Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 34.9%27.2%21.8%24.9%25.8%25.9%13.7%23.7%28.5%23.4%-
Value Creation
Index
2.11.40.91.21.31.30.21.11.51.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 11,90311,08412,89715,62119,07020,01020,60227,21038,27047,11449,473
Sales YoY Gr.--6.9%16.4%21.1%22.1%4.9%3%32.1%40.7%23.1%-
Adj EPS 9.37.99.513.317.217.11125.137.839.936.6
YoY Gr.--15.3%19.8%40.3%29.8%-0.7%-35.8%129%50.3%5.8%-
BVPS (₹) 34.839.848.658.569.676.784.9105.3134.8161.9179.8
Adj Net
Profit
8267018391,1781,5281,5179742,2303,3533,5453,251
Cash Flow from Ops. 5085671,7682991,249-2894,101-1,1261,8102,030-
Debt/CF from Ops. 0.20.21.15.41.8-7.41-4.83.55.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 16.5%19.8%31.8%23.1%
Adj EPS 17.6%18.3%53.8%5.8%
BVPS18.6%18.4%24%20.2%
Share Price 22.5% 20.2% 10.1% -8.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
29.421.221.424.826.923.313.526.431.426.821.4
Op. Profit
Mgn %
9.78.49.411.111.312.18.312.112.410.710
Net Profit
Mgn %
6.96.36.57.587.64.78.28.87.56.6
Debt to
Equity
000.40.30.40.30.50.60.50.8-
Working Cap
Days
144197181149147164171173165155104
Cash Conv.
Cycle
77779510810812413213312812235

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 31.75%

Net Profit is growing at healthy rate in last 3 years 53.83%

Debt to equity has declined versus last 3 years average to 0.75

Sales growth is good in last 4 quarters at 18.90%

Return on Equity has declined versus last 3 years average to 21.40%

Latest Financials - Titan Company Ltd.

Standalone Consolidated
TTM EPS (₹) 36.6 36.5
TTM Sales (₹ Cr.) 49,473 54,475
BVPS (₹.) 179.8 121.5
Reserves (₹ Cr.) 15,873 10,694
P/BV 18.10 26.80
PE 88.88 89.27
From the Market
52 Week Low / High (₹) 3059.00 / 3866.15
All Time Low / High (₹) 1.17 / 3885.00
Market Cap (₹ Cr.) 2,88,952
Equity (₹ Cr.) 88.8
Face Value (₹) 1
Industry PE 73.9

Quarterly Results

 Mar'24 YoY Gr. Rt. %Jun'24 YoY Gr. Rt. %Sep'24 YoY Gr. Rt. %Dec'24 YoY Gr. Rt. %
Sales (₹ Cr.) 10,047 17.511,105 9.912,268 23.916,053 24.3
Adj EPS (₹) 8.8 78.7 -0.97.9 -2511.1 -4.9
Op. Profit Mgn % 11.04 -117 bps10.90 -2 bps9.24 -444 bps9.41 -187 bps
Net Profit Mgn % 6.98 -58 bps6.39 -58 bps5.33 -273 bps6.15 -182 bps

Management X-Ray of Titan Co:

Shareholding Pattern

JavaScript chart by amCharts 3.21.5
JavaScript chart by amCharts 3.21.5Promoters:52.9%Institutions:29.66%Non-Institutions:17.45%

Promoter's Holding & Share Pledging

JavaScript chart by amCharts 3.21.5Sep22Dec22Mar23Jun23Sep23Dec23Mar24Jun24Sep24Dec240%10%20%30%40%50%60%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Titan Co

MRP
spaceLock icon
MOS
spaceLock icon%
DP
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Base EPS
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DPS
spaceLock icon
MRP: ₹ 0
DP: ₹0
Base EPS ₹:
DPS ₹:
MOS (%):
Expected EPS Growth Rate:
0%
Base 0%
50%
Expected Rate of Return:
0%
Base 0%
50%
Future PE:
0
Base 0
200
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max

Event Update

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Analyst's Notes

Titan Company: Q2FY24 result update - 17 Nov 2023

Particulars

Q2FY24

(Rs. Cr)

YoY Trend

Comments

Revenue

12,529

+37%

Jewellery / Watches & wearables/ Eyecare revenue grew 19%/32%/12% respectively
EBITDA

1,411

+13%

 
EBITDA Margin

11%

-300 bps

base quarter had one-off diamond inventory gains
PAT

916

+10%

 

Robust result. During the quarter, the business observed double-digit growth in buyers as well as average bill per buyer.

Titan: Q1FY24 Result Update - 07 Aug 2023

Particulars

Q1FY24

YoY Trend

Comments

Revenue

10,956

20.6%

Driven by buyer growth of ~14% YoY and average spends per buyer increased by ~6%

YoY

EBITDA

1,239

21.2%

 

EBITDA Margin

11.2%

-238bps

Margins adversely affected by seasonality, volatility in gold prices and base quarter also had a one-time diamond price inventory gain

PAT

756

-4.4%

 

 

 

 

 

 

 

 

 

 

 

Weak numbers, though management guidance for FY24 remains strong.

 

Titan Company: Quarterly Result update - 30 Oct 2020

Titan Company Ltd | Market Cap: 1,08,123 Cr

CMP 1177 | P/E 69x FY22

Recommendation | SELL up to 50% of holdings 

Results:  Titan reported 2% decline in sales (11% excluding bullion sale) and ~35% decline in operating profit year on year. Net profit down by ~47% YoY while cash flows remained good

Key highlights:

  • Titan Company reported an 89% recovery in Sales in Q2 of FY 2020-21 led by sharp recovery in the Jewellery division
  • Jewellery declined 2% year on year, while watches and eyewear declined close to 40% over previous year.
  • Subsidiaries- Caratlane recorded decline in sales 28% respectively
  • The recovery rate of sales improved substantially in the quarter, with the rate being 55% for the Watches and Wearables division, 98% for the Jewellery division and 61 % for the Eyewear division
  • The Company's War on Waste program has been running better than plan and has contributed significantly to the bottom line during the current fiscal.

OutlookTitan’s management stated that although the customer sentiment improved substantially in the quarter, there was greater willingness to spend on plain gold jewellery and gold coins rather than pure discretionary items, Watches and Eyewear and even studded jewellery within the Jewellery division have declined year on year.

First week of October was single digit growth in sales and festive season might see some traction. Post festive season, it is sceptical whether there will be growth in jewellery. 


MoneyWorks4me Opinion: Trust and brand plays an important role in jewellery shopping, just like in any high ticket purchase. Other is relationship based shopping and regional brands also enjoy good stickiness in jewellery segment. Titan being a Tata brand is trusted with quality and good designs. We believe that Titan is a beneficiary of unorganised to organised move. Many small time gold traders have shut shops either due to compliance needs and lack of customers footfalls. This will lead to higher than industry growth for branded players.

We have recommended to sell up to 50% of your holdings in Titan. We find that Titan share price has rallied much ahead of growth in earning. Titan’s last 5 years earning growth is 13% CAGR versus stock price growth of 28% CAGR. Good time to buy consumer stocks is during slowdown in earning temporarily. We had recommended BUY on Titan during Demonetization. 

Titan: Business update - 07 Jan 2020

Business Update: Titan reported year on year rise in sales by 11% and retail growth of 15%. The retail growth was moderate (adjusted for gold coins of ~INR 200 cr).

Good wedding season and demand inelasticity of wedding jewellery and increase in the Gold prices led to management beating its expectations. However, growth in Watches and Eyewear was stagnant. Forced store closures due to the protests in the North East and in many other parts of the country also impacted sales.

Key highlights for the quarter:-

  • So far during the year, 34 Tanishq & 8 Mia stores were added (on net basis) with overall retail space addition of ~1,17,000 sq. ft. Company expects to add total of 50 stores for the year.
  • The watch division showed sluggish growth as the overall market for watch declined by 4% due to weak consumer sentiments. The watch division added 6 WOT stores, 8 Fastrack stores and added 12 Helios stores (on net basis), adding ~8,000 sq. ft. of retail space.
  • Eyewear segment grew only by 2% due to heavy competition and disruption in the second half of December due to the nation-wide protests. Eyewear segment added 63 stores during the year to date and also closed 22 stores, ending up with a net increase of ~27,000 sq. feet of retail space.

Outlook: The general economic slowdown in the economy leading to poor consumer sentiment and lower walk-ins has been a concern for the company since last few quarters. The company experienced different consumer responses in each of its divisions.

We are monitoring Titan. We find that Titan’s growth rates are nowhere close to currently anticipated in its stock price. We await other consumer stories where odds are in our favour.

Titan Company: Good brands, better execution - 06 Apr 2016

Titan held Annual Investor Forum last week. Overall the guidance of the management was cautious but shared some change in strategy.

Going forward

  • The management is targeting 15-20% CAGR revenue growth over 2-3 years, primarily led by volume growth. We believe that the volume may increase with help of rising income from 7th Pay commission & revival of rural economy.
  • Golden Harvest Scheme (GHS) has come back in full flow and is expected to contribute INR 14bn to FY17 Jewellery revenues.
  • Titan will focus on Diamond (~Rs 30,000 Cr market) and Wedding Jewellery (~Rs 60,000 Cr market) both offer good growth opportunity and are a low hanging fruits, as per management. Currently, both these segments contribute less than 20% of the share of business, and the management targets this number to reach 40% in four years.
  • The management plans to capitalise on the emerging digital influence amongst consumers and significantly invest in e-commerce this year. Its plan is to develop an omni-channel for all consumer-facing divisions.

Concerns

  • Regarding the recent regulation making it mandatory for consumers to display their PAN card for transactions greater than Rs 2,00,000. Titan witnessed an impact – both in terms of lost sales as well as in acquiring new customers. Cash purchases over Rs200K contribute to ~8% of sales for Titan.
  • Excise Duty on Jewellery: While Titan does not support the jewellery strike that has now entered its 28th day, some stores are being forced to remain shut. As a result, sales for the month of March have been affected adversely and we can expect 4Q to be weak.

Overall, the guidance was cautious due to:

  • Intense regulatory environment;
  • Low Consumer Sentiment; &
  • Increase in competition from local and regional players.

What should investors do?

Short term pains in good business throw-up opportunities to invest in them at bargain price. Though the returns wouldn’t be exponential, they will be definitely higher than market returns over long term including dividends. We recommend buying Titan Company which is backed by capable management and great brands under its hood.

Old subscribers would recall, we gave a buy on Titan in Jan’14 at price of ~214/share. We recommend continue holding it as we continue to believe that MRP of Titan is above CMP. If Titan Company forms less than your expected allocation in portfolio, you can consider averaging upwards.

As usual we recommend buying a stock in tranches as opposed to lump-sum. This gives us opportunity to average our buying price if the stock falls further. We recommend buying the stock starting from 330-335 levels to 290 and below. Overall, the stock shouldn’t form more than 5-6% of portfolio.

Don’t regret missing a particular price point. As you know, valuation is an estimate. That is why we suggest a range of buying price. In long-term investing, buying a particular stock 1-2% above/below Reco. price doesn’t significantly deteriorate your portfolio returns.

Refer to our note on: How to build a portfolio

Revaluation of Titan Industries rationale - 26 Jul 2013

Titan Industries share prices suffered huge fall of 24% when it registered a fall from Rs. 266 on 11th June, 2013 to Rs. 201 on 13th June, 2013, on the account of the new gold leasing norms introduced by RBI to curb gold imports. The probable impact of the norms has already been highlighted in the previous ‘Analyst Note’. However, the management at that time was yet to disclose its plans in response to the new gold leasing norms.

Considering the cash balance on its books, Titan’s working capital requirement is not expected to change its business model materially. Management, in response to the new norms, indicated that the company would need to borrow funds to procure gold, however, increased 'interest costs' is not expected to impact margins substantially. Also, the company holds a one-time license to directly import gold, which is expected to lead to 1% Value added tax (VAT) related savings and this will subsidize the interest costs to a certain extent.

Thus, the revised MRP & DP of the Titan Industries inculcates all the above mentioned factors and we reiterate our positive stance on the future prospects of the company going forward.

Key Ratios of Titan Co

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Company Name CMP(₹)
Change ₹(%)
Market Cap
Net Sales (₹ Cr.)
Latest EPS (₹)
Net Profit Margin %
Latest P/E
Latest P/BV
Titan Co 3,254.8 -28.9 (-0.9%) Large Cap 47,114 36.6 7.5 88.9 18.1

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales11,90311,08412,89715,62119,07020,01020,60227,21038,27047,114
Operating Expenses 10,75010,16411,70113,88817,07217,59218,90123,94933,55942,092
Manufacturing Costs263194173203226309901207256309
Material Costs8,7528,1529,30611,33413,98714,51215,76920,65829,04636,942
Employee Cost 6266236967628791,0409111,1431,3621,503
Other Costs 1,1091,1951,5271,5891,9801,7311,3201,9412,8953,338
Operating Profit 1,1539201,1951,7331,9982,4181,7013,2614,7115,022
Operating Profit Margin (%) 9.7%8.3%9.3%11.1%10.5%12.1%8.3%12.0%12.3%10.7%
Other Income 71976586182146181264358512
Interest 8142374844149181195240480
Depreciation 878793110139310331347364447
Exceptional Items 00-96-92-700-137-5100
Profit Before Tax 1,0568881,0331,5711,9272,1051,2332,9324,4654,607
Tax 2331912724085535883567521,1321,063
Profit After Tax 8236987621,1631,3741,5178772,1803,3333,544
PAT Margin (%) 6.9%6.3%5.9%7.4%7.2%7.6%4.3%8.0%8.7%7.5%
Adjusted EPS (₹)9.37.98.613.115.517.09.924.537.539.8
Dividend Payout Ratio (%)25%28%30%29%32%23%41%31%27%28%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 3,0923,5354,3125,1946,1826,8257,5539,37311,99414,411
Share Capital 89898989898989898989
Reserves 3,0033,4464,2235,1056,0936,7367,4649,28411,90514,322
Minority Interest0000000000
Debt1001131,8671,6042,2882,1334,0945,3866,28010,607
Long Term Debt0000000003,139
Short Term Debt1001131,8671,6042,2882,1334,0945,3866,2807,468
Trade Payables1,9391,6297117867725106951,055965943
Others Liabilities 7212,7521,4261,7642,1433,5483,4134,1875,7056,748
Total Liabilities 5,8538,0298,3159,34811,38513,01615,75520,00124,94432,709

Fixed Assets

Gross Block1,2537158071,1421,3522,6102,7893,0623,5864,409
Accumulated Depreciation570601101913075818541,1381,4261,719
Net Fixed Assets6836546979511,0452,0291,9351,9242,1602,690
CWIP 5577148412614257112787
Investments 33808867348769833,5128843,2597,813
Inventories4,0474,3824,8065,7496,7197,7417,98412,78714,95216,874
Trade Receivables187135115193358214291495908937
Cash Equivalents 2101127736121,0013565121,049792805
Others Assets6372,5898901,0681,3601,6791,4962,7912,7463,503
Total Assets 5,8538,0298,3159,34811,38513,01615,75520,00124,94432,709

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 5085671,7682991,249-2894,101-1,1261,8102,030
PBT 1,0568881,0331,5711,9272,1051,2332,9324,4654,607
Adjustment 1127783154252320486292349509
Changes in Working Capital -415-196927-976-309-21772645-3554-1862-1946
Tax Paid -245-203-275-450-622-537-263-796-1,142-1,140
Cash Flow From Investing Activity -124-151-1,020-180-911243-2,7441,564-1,653-4,634
Capex -207-214-200-261-225-302-104-167-278-520
Net Investments 08-433349-524358-2,6622,147-1,822499
Others 8255-388-269-16218722-416447-4,613
Cash Flow From Financing Activity -1,004-505-154-325-442-268-1,260-468-1552,757
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000003,139
Interest Paid -81-42-37-48-44-149-181-195-240-480
Dividend Paid -185-394-4-230-329-445-355-355-666-888
Others -738-68-113-47-68326-72482751986
Net Cash Flow -621-89594-207-104-31497-302153
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)29.3121.0519.4224.4724.1623.3312.225.7631.226.84
ROCE (%)34.8527.2121.7924.9425.8325.8713.7223.6828.4923.4
Asset Turnover Ratio21.61.591.771.841.641.431.521.71.63
PAT to CFO Conversion(x)0.620.812.320.260.91-0.194.68-0.520.540.57
Working Capital Days
Receivable Days5544554577
Inventory Days121139129123119132139139132123
Payable Days5880462420161415139

Titan Company Ltd Stock News

Titan Company Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Titan Co on 12-Feb-2025 16:59 is ₹3,254.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Feb-2025 16:59 the market cap of Titan Co stood at ₹2,88,952.2.
The latest P/E ratio of Titan Co as of 12-Feb-2025 16:59 is 88.88.
The latest P/B ratio of Titan Co as of 12-Feb-2025 16:59 is 18.10.
The 52-week high of Titan Co is ₹3,866.2 and the 52-week low is ₹3,059.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Titan Co is ₹49,473 ( Cr.) .

About Titan Company Ltd

Titan Company Ltd. (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 is the fifth largest integrated own brand watch manufacturer in the world. Over the last three decades, Titan has expanded into underpenetrated markets and created lifestyle brands across different product categories. Titan is widely known for transforming the watch and jewellery industry in India and for shaping India's retail market by pioneering experiential retail. The Company continues to grow and set new standards for innovation and quality with each new offering.

Business area of the company

Titan Company Limited is engaged in offering watches, jewelry, Eyewear and others.

Products and Services

Watches & Accessories

Through the years, Titan has maintained its strong foothold in the watch market with the introduction of impeccably crafted collections made for the discerning customer. The Watch Products division is where the Titan story began. Today, this division has placed Titan Company among the world's largest retail networks and earned the company the place of fifth largest integrated watch manufacturer in the world. The division continues to add world-class brands to the company's portfolio.

Jewellery

In this segment its brand Tanishq has wide range of diamond, gold and platinum jewellery. Tanishq started its journey in 1994, challenging the established family jeweller system prevalent in India with the launch of 18K gold watches studded with precious stones. Over the years, it has evolved into one of the finest jewellery brands, synonymous with exquisite craftsmanship and superlative quality. Offering traditional and modern statement pieces in gold, diamond and platinum, Tanishq offers an experience nonpareil, taking into consideration every customer’s unique needs and preferences.

Titan Eyewear

The third major venture of consumer business by Titan Company, Titan Eye+ redefined the way the organized optical retail market in India operates. It offers products a world class optical retail experience which not only showcases the best in contemporary design & style but also unsurpassed optical expertise thanks to the technical collaboration with Sankara Nethralaya, India's premier eye care institute. Through pioneering concepts such as the open touch-feel-browse format, complete transparency in pricing, contemporary styles, free insurance on spectacles backed by quality & trust that customers have come to expect from the House of Tata, Titan Eye+. It has recently introduced the remote online eye testing facility.

New Business Division

Taneira - With the aim to revive one of the oldest occupations in its country - handloom weaving, Titan launched its youngest brand, Taneira in January 2017. After travelling across the length and breadth of India, Taneira brings together some of the most exquisite collection of handlooms like Mugas from Assam, cottons from Chettinad, Tussars from Bhagalpur, Ikats from Gujarat, Andhra and Orissa, Jamdhanis from Bengal, Chikankari work from Lucknow, exotic Banarasi silks, exquisite Kanjeevarams, heirloom pieces like Patan Patolas, Muslin Jamdhanis and so on.

SKINN - With the combination of the best international fragrance expertise and one of India’s most trusted brands; SKINN Titan redefines the Indian fragrance industry with its product offering. Assuring the highest quality and bearing the hallmark of Titan, the SKINN range is specially crafted by blending exotic yet contemporary notes that are native to rarest and finest of the ingredients sourced from myriad locations across the world.

Brands of the company

  • Titan 
  • Fastrack 
  • Sonata 
  • Zoop 
  • Octane
  • Xylys 
  • Helios 
  • Titan Raga 
  • Favre-Leuba 
  • Nebula 
  • SF 
  • Tanishq 
  • Mia 
  • Zoya 
  • CaratLane 
  • Titan EyePlus

Awards

  • Titan received the AWAAZ Consumer Award 2006, in the Consumer Durable Category as the Most Preferred Watch of the consumers.
  • Tanishq won the 'Best Store Experience' award from the Platinum Guild International, London.
  • Sonata wins the ‘Best Brand Launch of the Year’ at the ‘Brand Equity Marketing Awards’.
  • Tanishq received the ‘Red Dot: Best of the Best’ award for innovative laser cut tube jewellery. Red Dot is the most prestigious and coveted award in the world in the field of Product Design and the ‘Red Dot: Best of the Best’ is the highest award in the competition and is awarded for groundbreaking design innovation.
  • Tanishq Rivaah wins Gold in Effie Awards 2019.
  • Tanishq received the ‘World Branding Award’ in London at Kensington Palace. Tanishq was the only brand selected from India.
  • Tanishq wins ‘Excellence in customer service and sales process initiative’ at the ‘Retail Jewellers Guild Awards’.
  • Titan EyePlus felicitated by NASSCOM in the Special Category – ‘Best use of technology by an enterprise for Excellent Customer Service’.
  • Titan EyePlus wins Bronze in the prestigious ACEF Asian Leadership Awards.
  • Titan EyePlus won at the ‘International Customer Experience Awards’ in ‘Best Customer Experience Strategy’ category, hosted by CXInternational in Amsterdam and judged by 84 CEOs and global customer experience specialists. Jury was impressed with the brand’s transforming NPS.
  • Titan Company accredited ‘Best Employer Award’ by Tamil Nadu Government under the category of ‘Employing most number of differently-abled personnel.’
  • Titan manufacturing units won multiple Health & Safety awards from ‘National Safety Council’.
  • Titan Watches e-commerce bags 3 awards at Digies 2019.
  • Titan won ‘Design Honour’ award for the project Raga Masaba at the Tata Innovista Finals.
  • Titan Watches e-commerce bags DMA ASIA ECHO Awards 2019 in the ‘Best Customer Acquisition Campaign’category.
  • Titan Watches wins the Brand Equity Shark Awards.
  • Titan’s Encircle program wins in Loyalty Program category in Future of Retail Awards 2019.
  • Titan Company wins the R K Swamy High Performance Brand Award by AIMA.
  • Tanishq wins at Global Marketing Excellence Awards 2019 in the outdoor category for Outdoor and Location Based Marketing.
  • Tanishq wins at the Great Lifestyle Brands Awards; Smarties 2019 India; Maddies Mobile Awards 2019; Sammies 2019.
  • World of Titan wins ‘Customer Service Excellence’ and ‘Retail Store of Year – Merchandising’ awards in Future of Retail Awards 2019.
  • Titan EyePlus wins Bronze in the prestigious ACEF Asian Leadership Awards.

Milestones

1986

  • The company’s production commenced in 1986 and March, 1987 saw the launch of the brand Titan. It sprung to instant claim with the analogue electronic Quartz watches bringing in a paradigm shift to the Indian watch market. This paved way for further extension to bracelets, cases, electronic circuitry and step motors.

1996

  • The brand Tanishq was launched in 1996.

2003-2007 

  • Fastrack - the fun and youthful brand of watches and accessories, and accessories line in 2003; Precision Engineering in 2005, and the Titan Eyewear Division in 2007 - a project of prescription eyewear, complete with specialized outlets, catering to customers’ every need. 

2011

  • Titan launched Mia, a stunning range of fine, urban chic, affordable jewellery crafted for working women.

2013

  • saw Titan penetrating the perfume market by launching SKINN, redefining the Indian fragrance industry by assuring the highest quality and bearing the hallmark of Titan.

2014 

  • Titan Company has entered into a Joint Venture agreement with Montblanc Services B.V. Netherlands for establishing operations in India for carrying on single brand retail trade.
  • Titan Company Ltd which is engaged in manufacturing of watches/accessories, jewelry, precision engineering and eyewear stated that their jewellery division has launched first Karigar centre for jewellery manufacturing in Hosur.

2015 

  • Titan Company Ltd - Titan adds one more feather to its Manufacturing Excellence: Commences World Class Stainless Steel Case production in Coimbatore
  • Maison Montblanc has entered into a partnership with Titan Company Ltd.
  • Titan Company Ltd and HP has entered into a partnership.
  • Titan Company Ltd Joint Venture with Montblanc Services B.V, Netherlands - Continuous Disclosure.

2016 

  • Tanishq took over Carat Lane, to offer beautiful jewellery and a distinctive shopping experience that fits today’s values and lifestyles.

2019

  • Titan Company has incorporated ‘Titan Global Retail LLC’, Dubai, as a subsidiary company of Titan Holdings International FZCO, Dubai, which in turn is a wholly owned subsidiary of the Company.
  • Titan Company has strengthened its offerings in the Fastrack portfolio with launch of ‘Fastrack Perfumes.
  • Titan Company’s watch brand -- Sonata has forayed into the Smart Wearables category with a range of hybrid Smartwatches - Stride.

2020

  • Titan Company has launched its first international Tanishq store in Dubai as part of expanding regions outside India.
  • Titan Company and Montblanc by mutual agreement have ended their joint venture partnership in India.
  • Titan Company’s perfume brand -- SKINN has launched Escapade a refreshing new range of perfumes for men.
  • Titan Company has entered into partnership with State Bank of India (SBI) to introduce a range of Titan Pay watches powered by YONO, the lender's mobile banking app.
  • Titan Company has acquired Hyderabad-based technology and wearables firm HUG Innovations.
  • Titan Company has launched 'Titan Connected X', a full-touch smartwatch with 13 features in the Indian market.
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