Titan Company Limited's (NSE:TITAN) CEO Looks Like They Deserve Their Pay Packet

Key Insights

• Titan's Annual General Meeting to take place on 12th of July
• Total pay for CEO Coimbatore Venkataraman includes ₹16.3m salary
• The total compensation is similar to the average for the industry
• Titan's EPS grew by 53% over the past three years while total shareholder return over the past three years was 96%

We have been pretty impressed with the performance at Titan Company Limited (NSE:TITAN) recently and CEO Coimbatore Venkataraman deserves a mention for their role in it. Coming up to the next AGM on 12th of July, shareholders would be keeping this in mind. This would also be a chance for them to hear the board review the financial results, discuss future company strategy and vote on any resolutions such as executive remuneration. We think the CEO has done a pretty decent job and we discuss why the CEO compensation is appropriate.

See our latest analysis for Titan

Comparing Titan Company Limited's CEO Compensation With The Industry

Our data indicates that Titan Company Limited has a market capitalization of ₹3.0t, and total annual CEO compensation was reported as ₹125m for the year to March 2024. We note that's an increase of 9.0% above last year. We think total compensation is more important but our data shows that the CEO salary is lower, at ₹16m.

In comparison with other companies in the Indian Luxury industry with market capitalizations over ₹668b, the reported median total CEO compensation was ₹104m. So it looks like Titan compensates Coimbatore Venkataraman in line with the median for the industry.

Component	2024	2023	Proportion (2024)
Salary	₹16m	₹15m	13%
Other	₹108m	₹99m	87%
Total Compensation	₹125m	₹114m	100%

Speaking on an industry level, nearly 100% of total compensation represents salary, while the remainder of 0.22518415% is other remuneration. Titan pays a modest slice of remuneration through salary, as compared to the broader industry. If non-salary compensation dominates total pay, it's an indicator that the executive's salary is tied to company performance.

A Look at Titan Company Limited's Growth Numbers

Over the past three years, Titan Company Limited has seen its earnings per share (EPS) grow by 53% per year. Its revenue is up 26% over the last year.

Overall this is a positive result for shareholders, showing that the company has improved in recent years. It's great to see that revenue growth is strong, too. These metrics suggest the business is growing strongly. Looking ahead, you might want to check this free visual report on analyst forecasts for the company's future earnings..

Has Titan Company Limited Been A Good Investment?

Boasting a total shareholder return of 96% over three years, Titan Company Limited has done well by shareholders. So they may not be at all concerned if the CEO were to be paid more than is normal for companies around the same size.

To Conclude...

Given the company's decent performance, the CEO remuneration policy might not be shareholders' central point of focus in the AGM. However, investors will get the chance to engage on key strategic initiatives and future growth opportunities for the company and set their longer-term expectations.

It is always advisable to analyse CEO pay, along with performing a thorough analysis of the company's key performance areas. In our study, we found 2 warning signs for Titan you should be aware of, and 1 of them is significant.

Of course, you might find a fantastic investment by looking at a different set of stocks. So take a peek at this free list of interesting companies.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com