By earn 
Titan Company Stock Target Prices Slashed by Brokerages
Brokerages have reduced their target prices on the Titan Company stock after the company’s Q4 results failed to meet expectations. Titan reported a standalone net profit of Rs 786 crore for the January-March quarter, reflecting a growth of 7% compared to the previous year. However, a Moneycontrol poll had projected a 10.5% increase in profit to Rs 811 crore. The company’s revenue for the quarter stood at Rs 10,047 crore, up 17% from the previous year, according to a regulatory filing. Brokerages had estimated the revenue to be Rs 11,054 crore.
Jewellery Segment Leads Growth
Titan’s total income from the jewellery segment witnessed a 19% increase compared to the same period last year, reaching approximately Rs 8,998 crore. The Indian business specifically experienced a growth of 20% during this time.
