India's Titan Company hits record high after upbeat Q3 update

Titan

07/01/2026 04:27

** Titan Company TITN.NS rises as much as 4.2% to record high of 4,283.9 rupees

** Co reports 40% y/y jump in Q3 overall sales; rev of biggest segment, jewellery, up 41%

** Centrum Broking says co's Q3 update "largely positive"

** Adds jewellery business on strong footing, driven by gold price inflation, strong festive and wedding demand, exchange schemes, consumer preference for jewellery, bullion

** Expects earnings upgrades; maintains "Buy"

** CLSA says co's consumer business growth of 40% beats its expectation of 20.6%

** Nomura says co's promotional initiatives amid high gold prices should support sales, but may pressure margins

** Adds strong sales beat may offset this impact

** Stock rated "buy" on avg; median PT is 4,300 rupees, per data compiled by LSEG

** TITN last up 3.7%; gained 24.5% in 2025

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))