Titan Tanks 5% Post Q1 — Buy, Sell, Or Hold?

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.

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📉 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)

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🧾 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.

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💍 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.

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🧾 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.

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📊 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.

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🟢 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.

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