Titan share price: Tata stock hits Rs 5,000 mark after blockbuster Q2 profit; should investors buy? – Markets


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Titan Company shares rallied after strong Q2 FY27 results, with several brokerages maintaining bullish ratings and raising target prices for the Tata Group stock. (AI-generated representational image)

Highlights

  • Titan shares climbed nearly 3.5% on Nov 6
  • Q2 consolidated net profit more than doubled.
  • Citi assigned the highest target

Titan Share Price Today: Shares of Titan Company climbed nearly 3.5 per cent on Friday, November 6, after the Tata Group-owned jewellery and watchmaker reported a more than twofold increase in consolidated net profit for the September quarter of FY27. The stock touched an intraday high of Rs 5,003.90 on the National Stock Exchange, compared with its previous closing price of Rs 4,834.60.

The rally came as several domestic and global brokerages maintained positive ratings on Titan following its quarterly earnings. Citi and Goldman Sachs raised their target prices, while Nuvama also revised its target upwards but retained a ‘Hold’ rating. Analysts highlighted improving jewellery margins, strong growth in watches and the expanding CaratLane business, although concerns remain over subdued buyer growth, elevated valuations and competitive pressures.

Titan Q2 results FY27: Profit more than doubles

Titan Company on Thursday reported consolidated net profit of Rs 2,393 crore for the July-September quarter of FY27, compared with Rs 1,120 crore in the corresponding period last year, marking an increase of approximately 113.7 per cent.

Revenue from operations rose 23.54 per cent year-on-year to Rs 20,337 crore, against Rs 16,461 crore a year earlier.

However, the latest quarterly performance marked a moderation in revenue growth after the company reported growth exceeding 40 per cent for three consecutive quarters.

Titan’s jewellery business recorded revenue of Rs 17,721 crore, up 7.25 per cent from Rs 16,522 crore in the year-ago quarter.

Titan share price target: What brokerages recommend

Brokerages offered a mixed assessment of Titan’s valuations and growth prospects, with target prices ranging from Rs 5,300 to Rs 5,875.

Brokerage Rating Target price
Citi Buy Rs 5,875
Goldman Sachs Buy Rs 5,800
Emkay Add Rs 5,600
Morgan Stanley Overweight Rs 5,483
Nuvama Hold Rs 5,479
Bernstein Outperform Rs 5,400
PL Capital Accumulate Rs 5,330
Elara Capital Accumulate Rs 5,300

Citi’s target of Rs 5,875 is the highest among the eight brokerages, implying a potential upside of approximately 21.5 per cent from Titan’s previous closing price of Rs 4,834.60.

What brokerages said about Titan Q2 results

Citi: Maintained ‘Buy’ and raised its target to Rs 5,875 from Rs 5,700, citing stronger jewellery margins and 32 per cent growth in studded jewellery. It expects growth to moderate in the second half of FY27.

Goldman Sachs: Retained ‘Buy’ and increased its target to Rs 5,800 from Rs 5,600. Core jewellery EBIT rose 26 per cent, although CaratLane profitability disappointed amid higher marketing expenses.

Emkay: Maintained ‘Add’ with an unchanged target of Rs 5,600. The brokerage highlighted a 12 per cent adjusted EBIT beat and strong performances across watches, international operations and TEAL.

Morgan Stanley: Retained ‘Overweight’ with a target of Rs 5,483. It highlighted stronger jewellery margins but cautioned that gold price volatility and competitive intensity could limit near-term gains.

Nuvama: Maintained ‘Hold’ while raising its target to Rs 5,479 from Rs 5,030. The brokerage highlighted 22 per cent core jewellery growth and an improvement in adjusted margins to 11.7 per cent.

Bernstein: Reiterated ‘Outperform’ with a target of Rs 5,400. It highlighted strong watches profitability and 31 per cent CaratLane revenue growth despite softer jewellery sales.

PL Capital: Cut its rating to ‘Accumulate’ with a target of Rs 5,330. It remains positive on wedding-season demand, lightweight jewellery and growth opportunities in watches and TEAL.

Elara Capital: Maintained ‘Accumulate’ with a target of Rs 5,300. It flagged flat buyer growth across Tanishq, Mia and Zoya despite strong studded jewellery sales.

(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.)



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