Titan Share Price Target, Tata Stock To Buy: Titan Company Ltd attracted a bullish response from global brokerages after the Tata Group firm reported a robust 46 per cent year‑on‑year growth in its consumer businesses for the March quarter business update, beating expectations on domestic jewellery demand. Both Morgan Stanley and Goldman Sachs reiterated their positive stance on the stock, citing sharp acceleration in like‑for‑like (LFL) growth, improved buyer additions, and strong momentum across jewellery categories, including studded, plain gold, and coins.
Morgan Stanley maintained its ‘Overweight’ rating with a target price of R 4,529, noting that domestic jewellery growth of 46 per cent YoY was well ahead of estimates, with ex‑bullion revenue rising 47 per cent and secondary sales climbing 52 per cent. Goldman Sachs also maintained a ‘Buy’ rating, with a target of Rs 5,000, supported by accelerating consumer demand, high‑single‑digit buyer growth and resilient international performance despite geopolitical disruptions.
In the jewellery division, secondary (consumer) sales were higher, growing by 52 per cent YoY led by Tanishq and well supported by Mia, the exchange filed. “Within categories, studded grew strongly in early thirties, gold (plain) clocked growth in the mid-thirties and coins nearly tripled in sales, respectively compared to Q4FY25,” th exchange filing said.
In the watched division growth came at 7 per cent YoY which comprised of 16 per cent YoY growth in analog watches and 53 per cent YoY decline in the Smart Watches category. Analog growth was led by Titan, Sonata and International brands reflecting sustained consumer interest in both premium and entry levels alike. Premiumisation trends contributed to healthy ticket size increases in the quarter, the company said.
In EyeCare segment business grew 16 per cent YoY and the company renovated 37 stores, closing 32 stores and adding 12 new stores during the quarter for the segment.
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