Titan hits 52-week high; analysts eye further upside–See target price

Titan Share Price Target: Titan Company Ltd (NSE: TITAN) stole the spotlight on Wednesday as its shares surged 6.3 per cent to Rs 4,497. By 1:07 pm IST, the stock was up Rs 266.40, far outpacing the broader market. The NIFTY50 was up 3.59 per cent at 23,954.80, showing that Titan was leading the rally on Dalal Street.

Domestic jewellery shines

The big driver behind this rally was Titan’s domestic jewellery business. The company reported a 46 per cent year-on-year growth in Q4, thanks to strong like-to-like sales across all retail formats. Buyer numbers improved to high single digits, and the average ticket size went up. Titan also expanded its footprint with 27 new stores: 8 Tanishq outlets, 14 Mia stores, and 5 CaratLane locations.

Add Zee Business as a Preferred Source

Also read: TCS Q4FY26 Results: Profit rises 12% YoY to Rs 13,784 crore; board announces Rs 31 dividend

Watches and eyewear keep pace

Titan’s watch business continued to do well, posting 7 per cent YoY growth. Premium and entry-level watches both saw healthy demand, and premiumization trends helped lift ticket sizes. The company added 30 new watch stores this quarter, including Titan World, Fastrack, Helios, and Helios Luxe outlets.

The Titan EyeCare business also grew steadily, reporting 16 per cent YoY growth. International brands across sunglasses, lenses, and frames contributed to the momentum. Emerging segments like fragrances and women’s bags were real stars too, with 30 per cent and 47 per cent growth respectively, thanks to new store openings and strong volume growth.

International markets show resilience

Titan’s international business remained strong despite global challenges. North America recorded a 50 per cent YoY growth. While the GCC region faced disruptions due to the Middle East conflict, Tanishq’s GCC business still managed a 37 per cent growth. As of March, Titan has 149 stores in the GCC, 12 in North America, and 1 Tanishq store in Singapore.

Titan Share price target: Analysts stay positive

Market watchers are bullish on Titan. Morgan Stanley highlighted that domestic jewellery growth exceeded expectations, with like-to-like sales up 48 per cent. Goldman Sachs maintained a “Buy” rating with a target of Rs 5,000. JP Morgan raised its target to Rs 4,700 while keeping a neutral stance. Citi also stayed neutral but noted that Titan’s strong jewellery growth and careful margin management remain key to sustaining performance.

With strong domestic and international performance, Titan is clearly attracting investors’ attention and showing that its growth story is very much on track.

Titan Q3FY26 result highlights

Titan Company Ltd reported a strong set of numbers for the December quarter (Q3FY26), with consolidated net profit rising 61 per cent year-on-year to Rs 1,684 crore, driven by robust festive demand in jewellery and steady growth across other consumer segments.

On a consolidated basis, total income surged 40 per cent year-on-year to Rs 24,592 crore in Q3FY26, compared with Rs 17,583 crore in the year-ago period, reflecting strong consumer demand despite elevated gold prices.

Operating performance also remained strong during the quarter. EBIT rose 63 per cent year-on-year to Rs 2,657 crore, while EBIT margin expanded to 10.8 per cent, up 155 basis points from the corresponding period last year, aided by operating leverage and scale benefits.

Profit before tax, before exceptional items, climbed 70 per cent year-on-year to Rs 2,375 crore. On a normalised basis, adjusting for the impact of gold custom duty changes in the base quarter, PBT growth stood at 44 per cent, indicating healthy underlying momentum.

The jewellery business continued to anchor Titan’s growth. Jewellery revenue rose 42 per cent year-on-year to Rs 22,517 crore, supported by strong festive and wedding demand, effective exchange programmes and new collections, even as gold prices remained high.

Domestic jewellery sales grew 41 per cent, while the international jewellery business posted a sharp 83 per cent growth, driven by store additions and higher same-store sales. Jewellery segment EBIT margin stood at 11 per cent.

During the quarter, Titan also forayed into the lab-grown diamond segment with the launch of ‘beYon’, expanding its jewellery portfolio.