India's Titan jumps as third-quarter results impress

Titan

11/02/2026 03:52

** Shares of India's Titan TITN.NS up 2% at 4,346 rupees in early trade

** The jeweller-to-watchmaker reported a 61% jump in third-quarter profit

** Co's Q3FY26 stellar earnings beat expectations by wide margin - UBS ("buy", TP 5000 rupees)

** Strong broad-based beat on elevated expectations, await mgmt commentary on sustainability of growth - Goldman Sachs

** Buyer growth was flattish as higher gold prices hit entry-level range, but that hit was offset by higher average selling prices - Nomura ("buy"; TP 4500 rupees)

** Demand scenario clarity post recent volatility in gold prices, jewellery margin outlook are key monitorables - Macquarie ("outperform", TP 4450 rupees)

** TITN, on an avg, rated "buy"; median TP 4500 rupees - data compiled by LSEG

** YTD stock up 7%

 (Reporting by Hritam Mukherjee in Bengaluru)

 ((Hritam.Mukherjee@thomsonreuters.com;))