India's Titan rises after quarterly revenue beats views

Titan

08/10/2025 04:53

** Shares of jeweller Titan Company TITN.NS rise 3.6% to 3,536 rupees; Nifty 50 .NSEI marginally down

** Co posted 18% rise in Q2 domestic sales

** Rev growth "significantly" ahead of estimates - Investec

** Early festive season, attractive offers drove healthy growth - J.P.Morgan

** Brokerages expect margins to stay under pressured on high marketing spends

** CLSA remains "positive" on TITN over medium term

** Stock rated "buy" on avg by 35 analysts covering it; median PT at 3,965 rupees - data compiled by LSEG

** YTD, TITN up nearly 9% vs Nifty 50's 6.2% rise

 (Reporting by Komal Salecha)

 ((Komal@thomsonreuters.com;))