Preview: India's Titan rises ahead of fourth-quarter results

Kalyan Jewellers India

08/05/2025 08:26

** Shares of jeweler and watchmaker Titan Company TITN.NS rise 1.7% ahead of results

** Analysts expect the company's consolidated revenue to rise nearly 26%, boosted by robust sale of higher price jewelry and gold coins

** Titan reported jewelry business growth of 25% in a Q4 business update, topping expectations of analysts at J.P. Morgan and Axis Capital

** TITN shares fell about 6% in the January-to-March quarter on worries that high gold prices would dent demand, per analysts

** Titan gets a bulk of revenue from affluent Indians, whose purchasing power and inclination to indulge is unaffected by inflation and higher rates, co's finance chief Ashok Sonthalia told Reuters in February

** Titan is rated 'buy' on avg by analysts, compared to avg rating of 'strong buy' on peer Kalyan Jewellers India KALN.NS - data compiled by LSEG

** TITN shares up 4.19% in the last 12 months, including session's gains

(Reporting by Ananta Agarwal in Bengaluru)

((Ananta.Agarwal@thomsonreuters.com))