Corrected: BUZZ-Street View: India's Titan to shine as jewellery demand returns

Titan

10/08/2026 05:27

Corrects brokerage name in bullet 4
** Titan Company TITN.NS reported 63% surge in quarterly net profit due to strong demand for mainstay jewellery business 
** Shares rose 1.4% to 5,010.6 rupees
STRONG DEMAND, OUTLOOK ENCOURAGING
** Elara Capital ("accumulate", raises TP to 5,300 rupees from 5,100 rupees) notes co brands Tanishq, Mia, and Zoya reported Q1 buyer growth of 5%, while Caratlane posted strong double-digit growth
** HDFC Securities Institutional Equities ("reduce", TP at 4,350 rupees) says May demand impacted due to PM advisory, custom duty changes, and inauspicious timing for gold purchases, but rebounded sharply in June with resumption of wedding-led purchases
** Emkay ("add", TP up 10% at 5,600 rupees) notes company "nullified street concerns" around potential growth moderation after maintaining forecast of doubling top line and EBIT over FY26-30
** Ambit Insights ("buy", TP at 5,530 rupees) says co's diverse price points, multi-occasion, and multi-format strategy, underpinned by superior store economics, seen to drive market share expansion from current 8%
($1 = 95.2250 Indian rupees)

 (Reporting by Saikeerthi in Bengaluru)
 ((Saikeerthi@thomsonreuters.com; (+91) 8296756080))