Titan gets buy rating from Nomura. (Photo source: Titan website) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Nomura has initiated coverage on Titan Company Ltd. with a ‘Buy’ rating and a target price of Rs 4,275, citing steady demand and the company’s strong positioning within the discretionary consumption space.

The brokerage noted that "Titan delivered a strong sales compound annual growth rate of 22% over FY23-25," and its margins were under some pressure. Given that margins reset to a new normal, we believe most of the realistic headwinds have been factored in and are behind, and that certain other concerns are overestimated and might not materialise."

The brokerage expects organised players like Titan to continue growing at 1.5 times the industry rate, supported

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