Titan Share Price: Titan Share Price: Shares of leading jewellery and watchmaker Titan Company Ltd witnessed a significant rally on Monday, August 10. Following strong performance in the first quarter of the financial year 2026-27 (Q1 FY27), the Tata Group company stock climbed over 3 per cent to touch an intraday high of Rs 5121.30.
After registering around 63 per cent profit in its Q1 FY27 results, brokerage firms revisited their estimates and target prices for the stock. Many brokerages remain bullish on Titan, seeing scope for further upside from current levels.
Shares of Titan today opened at Rs 4,977.20 and rallied 3.60 per cent to touch an intra-day high of Rs 5,121.30.
Titan Company Ltd on Friday reported a 62.87 per cent rise in consolidated net profit to Rs 1,777 crore for the June quarter of FY27, led by jewellery business. The company had posted a net profit of Rs 1,091 crore in the April-June period a year ago, according to a regulatory filing.
Its sales were up 40.31 per cent year-on-year at Rs 20,787 crore in the June quarter of FY27, from Rs 14,814 crore in the corresponding quarter a year ago.
Total expenses of Titan increased 26 per cent YoY to Rs 19,075 crore in the June quarter.
Its Jewellery business, which contributes around 90 per cent of the business, was up 29.73 per cent to 19,002 crore in Q1 FY27, compared to Rs 14,647 crore in the corresponding quarter of the preceding fiscal.
Titan’s total consolidated income increased 29.3 per cent to Rs 21,502 crore in the quarter under review.
Titan share price target: Brokerages bullish
Motilal Oswal expects Titan share price to reach Rs 6,000
Motilal Oswal has maintained a ‘Buy’ rating on Titan with a target price of Rs 6,000. The brokerage has raised its EPS estimates for FY27 and FY28 by 3-4 percent. It believes that Titan is well-positioned to outperform its peers, driven by strengths in sourcing, studded jewellery, a youth-focused strategy, and robust brand positioning.
According to the brokerage, the company’s store count reached 3,551 by June 2026, and there is further scope for expansion.
Motilal Oswal projects an 18 per cent sales CAGR, 22 per cent EBITDA CAGR, and 25 per cent APAT CAGR for the FY26-28 period.
Citi raises target; Nuvama assigns ‘Hold’ rating
Citi has maintained a ‘Buy’ rating on Titan while raising its target price from Rs 5,075 to Rs 5,700. The brokerage anticipates robust growth in jewellery revenue and EBIT. It believes Titan can sustain double-digit revenue growth despite fluctuations in gold prices.
However, Nuvama has downgraded the stock from ‘Buy’ to ‘Hold’ following its recent rally. However, it has raised the target price from Rs 5,030 to Rs 5,241. Elara Securities has also assigned an ‘Accumulate’ rating, citing valuations, and set a target price of Rs 5,300.
Morgan Stanley remains bullish
Morgan Stanley has retained its ‘Overweight’ rating and ‘Analyst Top Pick’ status for Titan. The brokerage raised the target price from Rs 5,182 to Rs 5,483. It noted that growth trends remained strong in July and the company is confident about its long-term guidance.
However, the brokerage considers gold prices, discretionary spending, and the growth in jewellery buyers as key indicators going forward. Consequently, despite the strong Q1 growth, investor focus will remain on the sustainability of demand and margins in the coming quarters.
(Disclaimer: The above article is meant for informational purposes only and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
