Titan Shares Fall Over 5% Despite Strong Q1 Growth; Brokerages Maintain ‘Buy’ Call
Mumbai [India], July 9: Shares of Titan Company, a Tata Group firm, slumped over 5.40% to ₹3,471.40 in Tuesday’s trading session after releasing its Q1 FY26 business update, despite reporting strong double-digit growth across segments.
The stock opened at ₹3,554, down from Monday’s close of ₹3,666, reacting to muted investor sentiment despite healthy performance.
Also read: Trump’s New Tariffs List on 14 Nations is Out: These are the Worst Hit
📉 Stock Performance Snapshot:
- Today’s fall: -5.40%
- Current price: ₹3,471.40
- 1-month change: -2%
- 1-year return: +10%
- 5-year return: +260% (multibagger)
🧾 Q1 FY26 Business Highlights:
- Overall Consumer Business: +20% YoY growth
- Jewellery Segment (Tanishq, Mia, Zoya): +18% YoY
- Watches Segment: +23% YoY
- CaratLane: +38% YoY
- International Business: +49% YoY
Titan added 10 new stores during the quarter, taking the total retail count to 3,322 outlets, including 31 international stores.
💍 Jewellery Segment Insights:
- Growth was led by plain gold and coins, while studded jewellery saw early double-digit growth.
- Studded ratio declined YoY due to segmental performance variance.
- Like-to-Like (L2L) sales in Tanishq and CaratLane grew in healthy double digits, driven by higher ticket sizes.
🧾 Brokerage Calls & Recommendations:
🔹 Motilal Oswal – BUY
- Target Price: ₹4,250
- Notes: Despite gold price fluctuations, Titan delivered ~18% growth (ex-bullion) in jewellery revenue.
🔹 JM Financial – BUY
- Expects EBIT margin at 11% in jewellery segment (ex-bullion), slightly down YoY.
- Forecasts 20% YoY EBITDA growth and 19% PAT growth in FY26.
📊 Analyst Takeaway:
Despite today’s fall, brokerages remain optimistic, citing resilient business growth, strong brand equity, and robust expansion in both domestic and international markets.
However, short-term volatility linked to gold price fluctuations and consumer sentiment may continue to impact stock movement.
🟢 Conclusion: Should You Buy, Sell, or Hold Titan Stock?
- Short-term investors: May see continued volatility.
- Long-term investors: Brokerages recommend ‘Buy’, citing growth consistency and market leadership.