Street View- Brokerages highlight healthy momentum for India's Titan

Titan

09/04/2026 05:09

** Shares of Indian jeweller Titan TITN.NS down 0.5% to 4471 rupees

** Co posted a 42% rise in domestic sales for the fourth quarter

UNDERLYING BUSINESS MOMENTUM STRONG

** Brokerage Nomura says another quarter of strong performance, like-for-like sales growth was healthy

** We maintain Titan as one of our top picks- Nomura

** We see Titan as a key beneficiary of the rising affluent and elite income population in India- Nomura

** Brokerage BofA says Q4 update solid, underlying business momentum strong

** Brokerage Macquarie says jewellery segment "surprises positively"

** TITN rated "buy" on avg by 35 analysts covering it; median PT at 4917 rupees- data compiled by LSEG

** YTD, TITN up 10.5%

(Reporting by Komal Salecha in Bengaluru)

((Komal@thomsonreuters.com))