Titan open to acquiring smaller brands, sees growth in premium segment
Titan Company set out an expansion.
· BS Companies
Leading watchmaker Titan Company, which has been expanding its premium and luxury watch portfolio, is open to acquiring or investing in smaller and emerging brands as part of its growth strategy, a top company official said.
The analysis
Against that, the stock is -0.2% on the day at ₹4,370.00, and has returned -4.2% over three months. It sits 16% below its 52-week high. The consumer durables sector has moved -6.6% over the same period, so Titan Company is running 2.4 points ahead of its peers.
For Titan Company, the question is how much of this is already reflected in the price and how much re-rates the consumer durables peer set alongside it.
Market context
- The company directly in focus is TITAN.
- Sector exposure: Consumer Durables.
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