India's Titan gains; Morgan Stanley expects strong quarterly sales growth

Titan

22/09/2026 07:27

** Shares of India's Titan Company TITN.NS rise as much as 2.19% to 4,982 rupees; stock last up 1.4%
** Morgan Stanley expects co's stock to rise and outperform the Indian market over next 30 days
** Notes Titan's sales growth of above 35% in each of previous three quarters, helped by improving buyer growth and studded jewellery demand
** Expects jewellery revenue growth, excluding bullion, of 25% or more in Q2 despite high gold prices and a shift in the festive calendar
** Such growth would reduce the pace needed in H2, particularly Q4, for co to meet its full-year growth target, says brokerage
** Stock up 22.05% YTD
     

 (Reporting by Anushka Rajvedi in Bengaluru)
 ((mailto: anushka.rajvedi@thomsonreuters.com))