Analyst reaction to the Q1 results has been largely upbeat. Motilal Oswal, which carries a Buy rating with a target price of ₹6,000, called it an “inspiring performance,” noting consolidated revenue growth of 29 per cent year-on-year and standalone jewellery sales growth of 38 per cent excluding bullion.
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REUTERS/FRANCIS MASCARENHAS
Shares of Titan Company Limited surged to a fresh 52-week high on Monday morning, with the stock touching ₹5,083.80 on the NSE before trading around ₹5,066.90, up 2.55 per cent or ₹125.90 from its previous close of ₹4,941, as of 10.21 AM. The rally comes a session after the company reported its first-quarter earnings for FY2026-27, with multiple brokerages raising price targets and earnings estimates.Trading activity was healthy, with 14.24 lakh shares changing hands worth ₹714.65 crore by mid-morning. Buy orders accounted for 54.75 per cent of total quantity traded, reflecting a broadly positive market mood. The stock’s total market capitalisation stood at ₹4,50,294 crore. Titan has now gained over 25 per cent year-to-date and 46 per cent over the past year, sharply outpacing the Nifty 50’s 0.91 per cent one-year return. The stock trades at a trailing PE of 76.16.Analyst reaction to the Q1 results has been largely upbeat. Motilal Oswal, which carries a Buy rating with a target price of ₹6,000, called it an “inspiring performance,” noting consolidated revenue growth of 29 per cent year-on-year and standalone jewellery sales growth of 38 per cent excluding bullion. The brokerage flagged an inventory gain of ₹407 crore following the customs duty hike from 6 per cent to 15 per cent in May, but noted that adjusted jewellery EBIT margins still expanded modestly year-on-year.Citi raised its target price to ₹5,700 and maintained a Buy, highlighting strong jewellery revenue and EBIT growth, though it noted that reported PAT growth of 65 per cent was partly aided by the one-time customs duty benefit. JPMorgan retained an Overweight rating with a ₹5,465 target, describing the quarter as ahead of street expectations on revenue and EBITDA. HSBC held its Buy with a ₹5,550 target, projecting around 30 per cent year-on-year growth for Q2FY27. Jefferies was the lone cautious voice, maintaining a Hold at ₹5,000, though it too raised FY27 estimates sharply.On the results, Titan’s consumer businesses posted 40 per cent year-on-year growth. Domestic jewellery income rose 38 per cent to ₹16,943 crore, while TEAL, the engineering subsidiary, grew 43 per cent to ₹438 crore. The Damas business, operating across six GCC countries, posted a loss amid regional geopolitical headwinds. Management noted some softness in plain gold jewellery sales toward late July, though recent days have seen improvement.More Like ThisPublished on August 10, 2026
