Titan Share Price Target 2026: A day after reporting a strong set of earnings for the fiscal fourth quarter, Titan Company, the fashion accessories, jewellery, watches and eyewear businesses of Tata Group, has received a bullish outlook from brokerage firm Nuvama.
Shares of Titan closed at Rs 4513.40 on Friday, up 4.76 per cent from the previous close.
Brokerage firm Nuvama has maintained buy rating on Titan Company with a target price of Rs 4,509.
Titan Company on Friday reported a 35 per cent increase in its consolidated net profit in the fourth quarter of FY26 to Rs 1,179 crore. The Tata Group company ’s total income also climbed 46 per cent to around Rs 20,300 crore.
The company’s growth was largely driven by sustained momentum in the jewellery business along with resilient demand in the watches segment. Jewellery portfolio grew 50 per cent to Rs 18,195 crores excluding bullion and digi-gold sales during the quarter despite elevated gold prices. Analog watches grew 15 per cent during the quarter on the back of continuing premiumisation trends.
Within the segment, Titan’s India jewellery business posted income of Rs 17,114 crore, up 46 per cent from a year ago comprising Tanishq, Mia and Zoya business (combined) growing 48 per cent to Rs 16,047 crore.
CaratLane recorded 22 per cent growth to reach Rs 1,066 crores The international jewellery business grew 174 per cent to Rs 1,081 crores to Rs 1,081 crore.
Titan continued to expand its retail presence during the quarter, adding a net 27 jewellery stores in India, including 8 Tanishq stores, 14 Mia stores and 5 CaratLane outlets. Tanishq also opened four new stores in the GCC region.
In the watches segment, analog watches recorded 15 per cent growth, aided by premiumisation trends. Titan said international jewellery operations also witnessed double-digit retail growth across GCC and North American markets. However, the smart watches category remained weak.
“This segment witnessed nearly 50 percent decline in overall value,” the company said in the stock exchange filing.
The eyewear business reported a 17 per cent increase in income to Rs 227 crore during the quarter. Titan’s emerging businesses, including Skinn fragrances, IRTH women’s bags and ethnic wear brand Taneira, delivered mixed performances.
“Fragrances maintained its strong volume momentum across both the Skinn and Fastrack perfume lines, IRTH Women’s Bags witnessed robust volume growth and continued to gain in brand salience whereas Taneira’s revenue was flattish for the quarter,” the company stated.
For the full FY26 fiscal year, Titan’s consolidated total income rose 33 per cent to Rs 76,078 crore, while profit after tax increased 52 per cent to Rs 5,073 crore.
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