Street View: India's Titan to power ahead on watches, eyewear growth

Titan

05/06/2026 06:31

** Indian jeweller Titan Company TITN.NS said at an analyst meet on Thursday it expects to double revenue and EBIT over FY26-30, driven by growth across its jewellery, watches and eyewear businesses
** Shares climb as much as 1.02% to 4,274 rupees, last up 0.38%


POISED TO GAIN MARKET SHARE
** Emkay ("add"; TP:4,750 rupees) expects pressure in jewellery business to be offset by a stronger outlook in watches, eyewear and TEAL
** Goldman Sachs says TITN's FY26-30 guidance is strong and could make it one of India's fastest-growing consumer companies, despite investor concerns over its high growth base
** Nomura ("buy"; TP: 5,000 rupees) expects watches, eyewear and emerging businesses to be key growth drivers through FY30; flags high gold prices as a risk to sales growth
** HSBC ("buy"; TP: 5,250 rupees) says TITN remains a compelling investment case despite near-term regulatory uncertainties
** CLSA ("outperform"; TP: 4,247 rupees) says TITN is well positioned to gain market share, as unorganised jewellers struggle amid volatile gold prices

 (Reporting by Devika Nair in Bengaluru)
 ((Devika.MadhusudhananNair@thomsonreuters.com;))