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Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Nomura retains buy on Titan Company
Titan's Q4 results came in below expectations. Revenues were 18 per cent and net profit 6 per cent below estimate. Jewellery demand weakened during the quarter with Tanishq reporting negative 25 per cent same-store sales growth. According to management, March has seen a pick-up after Budget as compared to January and February.