Preview: India's Titan slips before quarterly results; analysts eye strong profit rise

Titan

07/08/2026 07:46

** Shares of India's Titan TITN.NS 1.2% lower at 4,937.40 ahead of first-quarter results
** Analysts on average expect the watchmaker and jeweller's first-quarter net profit to rise 19.3% to 13.02 billion rupees  ($136.7 million), as per LSEG-compiled data
** TITN, in a quarterly business update, reported a 41% uptick in its consumer business due to healthy festival-linked demand
** Analysts from Elara Capital expect jewellery business to grow ~38% in the quarter on strong growth in April and rising preferences for gold exchange
** Analysts from Jefferies expect watches business to grow 10% y/y and eyecare to grow 15% y/y
** Adds, expects margins to decline y/y, offset by mark-to-market gains on gold inventory
** TITN up 22.1% YTD
     


($1 = 95.2225 Indian rupees)

 (Reporting by Abhirami G in Bengaluru)
 ((abhirami.g@thomsonreuters.com))