Titan reported higher-than-estimated Q4FY23 earnings with a standalone net profit of INR 734 crores, up 50% YoY, and a 33% YoY surge in revenue to INR 9,704 crores. The future outlook for the company remains mixed, with Phillip Capital maintaining a 'Buy' citing the company's long-term drivers remaining intact, whereas Emkay prefers to remain conservative and hold due to weak macros. Prabhudas Lilladher has maintained a 'Buy' recommendation for Titan as strong revenue print continues across all key business segments despite disappointment in margins.
