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Titan Q2 Results Review - Margins Under Pressure; Downgrade To 'Sell': Dolat Capital

Given heightened competition and ongoing margin pressures, the brokerage values the stock at 45 times FY27E resulting in revised target price of Rs 3005.

<div class="paragraphs"><p>A retail store of Titan-owned luxury jewellery brand Tanishq. (Photo source: Vijay Sartape/ NDTV Profit)</p></div>
A retail store of Titan-owned luxury jewellery brand Tanishq. (Photo source: Vijay Sartape/ NDTV Profit)
NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
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