3 weeks ago
Titan Shares Hit Record High After Strong Q1 Results; Analysts Split
Titan is a big Indian company that makes jewellery, watches, and glasses.
It is part of the Tata Group.
The company told everyone how much money it made in the last three months.
It made much more money than it did a year ago.
Because of this good news, people who buy shares got excited.
Titan's share price went up and reached its highest level ever.
Some money experts think the company will keep doing well and say people should buy its shares.
Other experts think the price is already high enough.
They warn that a change in the tax on gold could be risky for the company.
Overall, Titan earned ₹1,777 crore in profit, which is 63% more than last year.
Titan shares jumped 4% on Monday, 10 August, to a fresh all-time high of ₹5,122 apiece following upbeat June-quarter results.
Consolidated net profit rose 63% year-on-year to ₹1,777 crore in Q1FY27, up from ₹1,091 crore a year earlier.
Consolidated revenue from operations grew 40% YoY to ₹20,787 crore, with jewellery (over 80% of revenue) up 43% to ₹18,253 crore.
Motilal Oswal and Citi maintained 'Buy' ratings, raising target prices to ₹6,000 and ₹5,700 respectively.
Nuvama downgraded Titan to 'Hold' from 'Buy' with a ₹5,241 target, flagging risks around the 10% customs duty on gold.
- Who
- Titan Company of the Tata Group, along with analysts at Motilal Oswal, Citi, and Nuvama.
- What
- Titan shares rose 4% to an all-time high of ₹5,122 after strong Q1FY27 results, with brokerages issuing mixed ratings and target prices.
- Where
- Indian stock markets; Titan's business is primarily in India.
- When
- Monday, 10 August, for the share rally; financial results covered the June-ended quarter (Q1FY27).
- Why
- Strong June-quarter earnings, robust jewellery and watches demand, and supportive analyst commentary drove the rally.
Bullish Analysts (Motilal Oswal, Citi)
Cautious Analyst (Nuvama)
Stock rating and target price
Bullish Analysts (Motilal Oswal, Citi)
Motilal Oswal reiterates 'Buy' with a ₹6,000 target (60x September 2028E EPS) and calls Titan a top pick; Citi keeps 'Buy' and raises its target to ₹5,700, implying ~15% upside.
Cautious Analyst (Nuvama)
Nuvama downgrades Titan to 'Hold' from 'Buy' after the recent rally, with a ₹5,241 target implying only ~6% upside.
Impact of gold price and customs duty
Bullish Analysts (Motilal Oswal, Citi)
Stability in gold prices could further improve margin visibility, and Titan can deliver healthy double-digit revenue growth regardless of gold price movements.
Cautious Analyst (Nuvama)
The 10% customs duty on gold is a risk: a reduction could change market dynamics, while a further increase could negatively impact Titan.
Key facts
- Share price
- ₹5,122 (all-time high, +4%)
- Q1FY27 net profit
- ₹1,777 crore (up 63% YoY)
- Q1FY27 revenue
- ₹20,787 crore (up 40% YoY)
- EBITDA
- ₹3,036 crore; margin 14.1% (up 247 bps)
- Jewellery segment revenue
- ₹18,253 crore (up 43% YoY, ex-bullion and digital gold)
- Watches segment revenue
- ₹1,273 crore (up 24% YoY)
- Eyewear segment revenue
- ₹289 crore (up 21% YoY)
- Brokerage target prices
- Motilal Oswal ₹6,000; Citi ₹5,700; Nuvama ₹5,241
Sources
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