3 weeks ago
Titan shares hit record high on strong Q1 earnings expectations
Titan is a big Indian company that makes and sells jewellery, watches, and eyeglasses.
Many people in India love buying gold jewellery, especially for weddings and festivals.
Titan's share price recently went up to its highest level ever for two days in a row.
The company is getting ready to tell everyone how much money it made in the first few months of the year.
Experts called analysts try to guess these numbers before they are announced.
They think Titan made a lot more money than last year because gold prices went up.
Many people also exchanged their old gold for new jewellery, which helped sales.
Since gold is more expensive, the money Titan earns from selling it is higher too.
The experts have slightly different guesses, but they all think the company did very well.
When the real numbers come out, we will know the exact answer.
Titan Company's stock hit a record high for a second consecutive day ahead of its Q1 earnings announcement.
Brokerages expect Q1 FY27 revenue growth ranging from 21.8% (Kotak) to 35.4% year-on-year (Elara), aided by higher gold prices.
Net profit forecasts vary from Rs 1,189.3 crore (Kotak) to Rs 1,390 crore (Elara), with Antique Broking projecting Rs 1,330.7 crore.
Jewellery demand is expected to benefit from a strong festive calendar, the summer wedding season, and rising old-gold exchange, despite the impact of the PM's advisory and 'adhik maas'.
Antique Broking named Titan its top pick with a price target of Rs 5,034, citing resilient consumer discretionary demand despite the West Asia war.
- Who
- Titan Company, a gems and jewellery major, tracked by analysts at Antique Broking, Kotak Institutional Equities, and Elara Capital.
- What
- Titan is expected to report strong Q1 earnings with significant year-on-year growth in revenue, net profit, and EBITDA, driven by jewellery demand and higher gold prices.
- Where
- India, where Titan operates its jewellery, watch, and eyewear businesses.
- When
- For the June 2026 quarter (Q1 FY27), ahead of the earnings announcement; the stock hit a record high for a second consecutive day.
- Why
- Higher gold prices, resilient consumer discretionary demand, a strong festive calendar, the summer wedding season, and rising preference for old-gold exchange are expected to boost results.
Key facts
- Stock movement
- Record high for second consecutive day
- Q1 period
- June 2026 quarter (Q1 FY27)
- Revenue growth forecast
- ~30% YoY (Bloomberg) to 35.4% YoY (Elara); Kotak sees 21.8% rise
- Net profit forecast
- Rs 1,189.3 crore (Kotak) to Rs 1,390 crore (Elara); Antique Broking sees Rs 1,330.7 crore
- Jewellery business growth
- ~38-39% YoY expected (Elara, Kotak)
- Gold price increase
- 55%+ YoY (Kotak estimate)
- Antique Broking price target
- Rs 5,034 (top pick)
- Other divisions
- Watches ~12% YoY and eyewear ~13% YoY growth (Kotak)
Quotes
Antique Broking
Analyst team at Antique Broking
“"In our view, consumer discretionary demand has been resilient through 1Q, despite the West Asia war, which was expected to dampen sentiments. We are positive on jewellery, selective in apparel, and conservative in QSR. Jewellery companies are expected to deliver strong growth on account of a strong festive calendar and the summer wedding season."”
businesstoday.in









