Titan Company shares gained more than 3.5% in Tuesday’s morning trade after the Tata Group’s jewellery and lifestyle retailer reported a stronger-than-expected business update for the June quarter. The company’s solid performance across jewellery and other business segments prompted brokerages to maintain their positive outlook on the stock.
At around 10:00 am, Titan emerged as the top gainer on the Nifty index, extending its early-session gains.
Titan Shares Rally Following Strong Q1 FY27 Performance
Titan shares were trading at Rs 4,644, up 3.56%, at around 10:00 am on Tuesday. The rally followed the company’s June quarter business update, which exceeded market expectations.
So far in 2026, the stock has delivered a 10.8% gain, outperforming the Nifty 50, which has declined 6.6% during the same period.
The company currently has a market capitalisation of approximately Rs 3.98 lakh crore.
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Consumer Business Records 41% Year-on-Year Growth
Titan reported 41% year-on-year growth in its consumer businesses during the first quarter of FY27.
The growth was supported by strong demand across multiple segments, including:
- Jewellery
- Watches
- Eyecare
- Emerging businesses
The company’s domestic business grew 37%, while its international operations surged 128% compared to the same period last year.
During the quarter, Titan also expanded its retail footprint by opening 77 new stores, taking its total store count to 3,680.
Jewellery Segment Continues to Drive Growth
Brokerages noted that Titan delivered a stronger-than-expected quarterly performance, with the jewellery business continuing to be the primary growth engine despite elevated gold prices.
Strong consumer demand in the jewellery segment remained a key highlight of the company’s June quarter update.
CLSA Maintains ‘Outperform’ Rating
Target Price Set at Rs 5,249
Brokerage CLSA retained its ‘Outperform’ rating on Titan and set a target price of Rs 5,249, indicating an upside potential of around 17% from Monday’s closing price.
According to CLSA, Titan’s domestic jewellery revenue increased 39% year-on-year, supported by strong performances from Tanishq, Mia, and Zoya.
The brokerage also highlighted:
- 42% growth in CaratLane
- Healthy buyer additions in the early double digits
- Strong growth across watches, eyecare, and international businesses
Nomura Reiterates Positive View
Nomura also reaffirmed its ‘Buy’ rating on Titan with a target price of Rs 5,0…, continuing its positive outlook following the company’s quarterly business update.
Citi Earlier Highlighted Titan’s Strong Consumer Demand
Earlier, Citi had stated that Titan remained an outlier in terms of consumer demand despite elevated gold prices and increasing competition in the market.
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Conclusion
Titan’s stronger-than-expected Q1 FY27 business update boosted investor sentiment, helping the stock become the top Nifty gainer during Tuesday’s morning session. Strong growth in the jewellery segment, expanding retail presence, and continued confidence from major brokerages have reinforced the positive outlook for the company.
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