Titan shines as jewelry sales jump 38% - From Titan to Lupin, Motilal Oswal analysts rate buy, hold or skip on 11 stocks post Q1 The Q1 earnings season for Indian stocks revealed a mixed performance, with companies across sectors showing varying degrees of success. Analysts from Motilal Oswal Financial Services evaluated 11 stocks, highlighting winners and laggards based on their financial results and future outlook. The report covered companies in jewelry, banking, power, metals, FMCG, pharma, and two-wheelers, with key insights into revenue growth, profit margins, and strategic moves. Titan emerged as a standout performer, with its jewelry segment driving significant growth. Total revenue for the company rose 29% year-on-year, while standalone jewelry sales—excluding bullion—surged 38%. This growth was fueled by higher spending per customer, with average ticket sizes increasing by 31%. The rise in gold import duty provided a temporary boost to inventory, but even without that factor, jewelry profit margins expanded. However, the Dubai-based Damas business faced challenges, slipping into a loss due to regional tensions. Analysts recommended a "Buy" rating, with a target price of ₹6,000, citing strong domestic jewelry growth of 33%. SBI, India’s largest lender, also exceeded expectations, reporting a profit of ₹211 billion—a 10% increase from the previous year. Strong treasury gains and cost control measures contributed to improved net interest margins, which rose to 2.86%. Loan growth reached 19% year-on-year, and the bank projected continued growth of 14-15% for the year. While bad loans improved slightly, fresh defaults rose during the season, a common trend. Analysts maintained a "Buy" rating, with a target of ₹1,370, and highlighted the bank’s guidance for loan growth.#motilal_oswal #power_grid #titan_jewelry #damas_dubai #sbi_largest_lender
