After strong Q1 performance, outlook remains robust for Titan Company

But valuations rich after the run-up in the last three months

Better than expected performance in June quarter of the 2023-24 financial year (Q1FY24) and a robust outlook led to 1.2 per cent gain in Titan Company stock on Friday. The firm reported 20 per cent growth in revenues, aided by double-digit rise in its major consumer segments.

Jewellery, its largest segment, accounting for about 90 per cent of its sales, stood out with a growth of 21 per cent over the year ago quarter. Its revenue growth over the last five years stood at 22.6 per cent while the same over the last four years was at 24.8 per cent,