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Titan shares tank 7% post Q4 results Should you buy, sell, or hold?

Titan Share Price: Titan s shares plummeted by nearly 7% as it reported a 7% YoY increase in standalone net profit at Rs 786 crore. Despite a 17% YoY growth in net sales to Rs 10,047 crore and a dividend recommendation of Rs 11 per share for FY24, EBIT margins dipped.

Despite misses, top brokerages retain ratings on Titan Should you buy, sell or hold?

On Thursday, Titan reported a 9% year-on-year (YoY) growth in its standalone net profit at Rs 1,040 crore in the third quarter. It was Rs 951 crore a year ago. The profit figure was lower than the ET NOW poll estimate of Rs 1,159 crore. Revenue from operations jumped 20% YoY to Rs 13,052 crore in the reporting quarter, compared with Rs 10,875 crore in the last year quarter.

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