Titan’s share price rose almost 5% to an intra-day high of Rs 3,525 in a weak market on the National Stock Exchange. The stock price was the top gainer in the Nifty 50. Titan surged after the company reported a growth in its quarterly net profit for Q4FY25. It posted a net profit of Rs 870 crore, an increase of 11% year-on-year in Q4FY25, compared with Rs 786 crore in the same period a year ago. 

Nuvama on Titan

The brokerage house Nuvama has raised the target price to Rs 4,541 from Rs 4,115. It has maintained its ‘Buy’ call on the stock. Titan’s jewellery segment EBIT margins rose significantly to 11.9% in Q4FY25, powered by operational leverage, a revived solitaire segment, and small hedging gains. This was despite gross margin pressure and a 3 percentage point YoY contraction in the studded ratio. The robust wedding and festive demand fuelled 25% YoY growth despite high gold prices. It is expected to post a strong Q1FY26 as demand is anticipated due to increased wedding dates.

“Given continued demand momentum, we are tweaking FY26/27 revenue estimate by 4%/5% and PAT estimate by 2%/5%,” said Nuvama. 

Motilal Oswal on Titan

Titan, with its superior competitive positioning in sourcing, studded ratio, youth-centric focus, and reinvestment strategy continued 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,” said Motilal Oswal. In March 2025, the company’s store count reached 3,312, and the expansion story remains intact. The non-jewelry business is also scaling up well and will contribute to growth in the medium term, believes the broker.

The brokerage estimates a revenue to grow at a compounded rate of 16% from FY25-27, while EBITDA at 18%, and net profit at 22%. Titan’s valuation is rich, but it offers a long runway for growth with a superior execution track record said Motilal Oswal. The brokerage maintained its ‘Buy’ rating on the stock, with a target price of Rs 4,000. 

Titan stock performance

The share price of Titan has risen by 3.6% in the last five trading sessions. The stock has given a return of 10.4% in the previous one month and 9.3% in the last six months. Rakesh Jhunjhunwala’s stock has raised investors’ wealth by 8% in the previous one year.