Street View: Gold surge may soften jewellery sales for India's Titan

Titan

08/08/2025 05:34

** Indian jeweller and watchmaker Titan Company TITN.NS posts 52.5% y/y jump in Q1 profit, benefiting from higher gold prices; revenue up 21%

** At least seven analysts raise PT; median PT at 3,888 rupees vs 3,876 rupees a month ago

** TITN trading flat at 3,437 rupees

JEWELLERY GROWTH MODERATION AMID GOLD'S SURGE

** Emkay ("Reduce"; PT at 3,350 rupees) says jewellery growth may soften in FY26 amid soaring gold prices, intense competition, high base

** Ambit ("Sell"; raises PT to 3,357 rupees from 3,219 rupees) sees high base, gold price inflation curbing growth for rest of FY26

** Antique ("Buy"; raises PT to 4,615 rupees from 4,195 rupees) optimistic about co's medium-to-long term, citing market share gains from brand strength, execution, store expansion

** AMSEC Research ("Buy"; PT: 4,285 rupees - 25% upside) says focus on premiumisation, channel expansion, brand investments to help compound value at double-digit rates in long-term

 (Reporting by Yagnoseni Das in Bengaluru)

 ((Yagnoseni.Das@thomsonreuters.com;))