Titan Company’s shares surged 1.8% to an intra-day high of Rs 3,478.90 on the National Stock Exchange. It was the top gainer in the Nifty 50 in the weak trade. The uptick in the share price of Titan came after it delivered a strong performance in the first quarter of the financial year 2025-26. Titan’s consolidated net profit jumped 52.5% year-on-year to Rs 1,091 crore in Q1 FY26, and revenue rose 24.6% YoY to Rs 16,523 crore.
Nuvama on Titan Company: Tweaked revenue and net profit estimates
Nuvama Institutional Equities tweaked its revenue estimates by -2.1% and -3.5% for FY26 and FY27, respectively. The brokerage changed net profit estimates by 0.4% and 0.1%, for the same time period, factoring in the high base in revenue, but an improvement in profitability across the other segments.
Nuvama maintained its ‘Buy’ rating and slightly cut the target price to Rs 4,479 from Rs 4,541, an upside of 31%.
Titan’s growth momentum continued in Q1FY26, with the company posting strong top-line growth of 16.6% YoY in its core jewellery business. Growth in the studded segment was lower in the standalone business. Caratlane reported robust growth in studded as well as gold jewellery portfolio, driven by strong last twelve-month growth of 20%.
Motilal Oswal on Titan Company: Formalisation of jewellery industry to benefit
Titan stands to benefit significantly from the accelerating formalisation of the jewellery industry, leveraging its trusted brand, wide-format presence, and deep consumer insight. The company’s consistent top-line momentum, coupled with a promising international foray into jewellery and watches, further strengthens its growth visibility.
Motilal Oswal kept its ‘Buy’ rating unchanged, with a target price of Rs 4,150, implying an upside of 21%.
Further, the brokerage said that its superior competitive positioning continues to outperform other branded players. The brand recall and business moat are not easily replicable. Therefore, Tanishq’s competitive edge will remain strong in the category.
Titan’s store count reached 3,322 as of June 2025, and the expansion story remains intact. The non-jewellery business is also scaling up well and will contribute to growth in the medium term, according to Motilal Oswal.
Titan stock performance
The share price of Titan has risen 3.3% in the last five trading sessions. The stock has little unchanged in the past one month and surged almost 4% in the last six months. Titan’s share price has given a return of 5% in the past one year.