Titan’s International business posted 128% growth, aided by the consolidation of Damas Jewellery from January 2026
| Photo Credit:
Balaji W S 463@Chennai
Shares of Titan Company surged to a fresh 52-week high of ₹4,655.90 on the NSE on Tuesday morning, with the stock trading at ₹4,648.60, up ₹164.20 or 3.66 per cent, by 9.52 AM, as the company announced it’s strong Q1 FY27 business update on Monday.The stock opened at ₹4,550, well above its previous close of ₹4,484.40, and climbed steadily through early trade. Traded volume stood at 14.41 lakh shares, with traded value crossing ₹659 crore within the first hour. Buy orders dominated at 56.79 per cent, against 43.21 per cent on the sell side.Motilal Oswal Financial Services maintained a Buy rating on the stock with a target price of ₹5,250, implying upside of 17 per cent from Monday’s close. The brokerage flagged that consumer business revenue grew approximately 41 per cent year-on-year in Q1FY27, with the jewellery portfolio up 39 per cent driven by festive and Akshaya Tritiya demand, ahead of its 38 per cent estimate. Caratlane was a standout, growing 42 per cent against MOFSL’s estimate of 22 per cent. SBI Securities also turned positive on the stock in the near term, citing strong domestic festive demand and robust international performance.The company’s Q1 FY27 update, filed with exchanges on July 6, showed Titan’s consumer businesses adding 77 net new stores during the quarter, taking the total retail network to 3,680 stores. Watches and Eyecare both clocked 23 per cent growth, beating estimates. International business posted 128 per cent growth, aided by the consolidation of Damas Jewellery from January 2026.At current levels, the stock trades at a trailing P/E of 78.49. Year-to-date, Titan has returned nearly 15 per cent, sharply outperforming the Nifty 50, which is down over 6 per cent in the same period.Published on July 7, 2026
