Why market loves companies like Titan. They have shown that they can completely dominate all luxury segments in India.
But they are not limiting themselves with that. They are slowly laying growth path for two large segments.
This can easily be bigger than watches and get to 5000 crores in not so distant future.
- Precision manufacturing
Scaling to 10x i.e 5000 cr . Current revenue is 510 crore.
At 6x valuations we are looking at 60,000 crore mcap addition, which is 20% of current mcap outside their traditional biz.
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