Titan Shares Surge 1.86% as Q1 Results Beat Estimates

Titan Company Ltd. saw its shares climb 1.86% to ₹3,479.30 in early trading following a robust Q1FY26 earnings report. Consolidated revenue ROSE 21% year-on-year to ₹14,966 crores, while profit after tax surged 53% to ₹1,091 crores.

Brokerages responded with bullish target upgrades. CLSA raised its price target to ₹4,394, citing 21% standalone sales growth and an 18% increase in domestic jewellery sales. Goldman Sachs lifted its target to ₹4,200, while Antique Stock Broking set the Street-high at ₹4,615. Jefferies noted margin expansion across jewellery and watches segments, boosting its target to ₹3,800.

The jewellery division grew 19% to ₹12,797 crores despite Gold price headwinds. Watches delivered exceptional 24% growth to ₹1,273 crores—marking one of its strongest quarters. CaratLane and international jewellery operations grew 39% and 49% respectively, with the latter achieving profitability for the first time.

Citi maintained caution on medium-term margins amid competitive pressures and elevated gold prices, even as it raised its target to ₹3,900.