Titan share price: Shares of Titan Company Ltd rose nearly 2% to hit an intraday high of Rs 3,488.80 on the BSE on Friday, August 8, after the Tata Group
company posted a strong set of Q1 results for FY26.
As of 12:30 PM, Titan shares were trading around Rs 3,470, up nearly 1.5%.
Q1 profit beats estimates
Titan’s standalone net profit rose 34% year-on-year (YoY) to Rs 1,030 crore, up from Rs 770 crore in Q1FY25. The result comfortably beat Street expectations of Rs 925 crore. The growth was driven by robust demand in its jewellery segment and improved operating efficiency.
Standalone revenue from operations grew 17% YoY to Rs 13,192 crore, compared to Rs 11,263 crore last year. The company also posted a 33% rise in EBIT to Rs 1,596 crore, up from Rs 1,203 crore in the previous year.
On a consolidated basis, PAT rose 53% YoY to Rs 1,091 crore, while consolidated revenue increased 21% to Rs 14,966 crore.
Titan reported a 97 basis point improvement in standalone profit margin to 7.8%, while consolidated profit margin stood at 7.3%, up 151 basis points YoY.
Titan’s jewellery segment, its largest revenue contributor, reported 19% growth to Rs 12,797 crore, excluding bullion and gold-on-digital sales. This performance came despite high gold prices and challenging macro conditions.
Titan Share Price Target 2025
Most brokerages remained bullish on Titan after the Q1 results, although some trimmed their target prices.
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| Brokerage | Rating | Target Price (New) | Previous Target |
|---|---|---|---|
| Goldman Sachs | Maintain Buy | Rs 4,200 | Rs 4,000 |
| Investec | Maintain Buy | Rs 4,035 | Rs 3,965 |
| Jefferies | Maintain Hold | Rs 3,800 | Rs 3,600 |
| Axis Capital | Maintain Add | Rs 3,850 | Rs 3,700 |
| JPMorgan | Maintain Neutral | Rs 3,500 | Rs 3,350 |
| Motilal Oswal | Maintain Buy | Rs 4,150 | Rs 4,250 |
| Avendus | Maintain Buy | Rs 4,100 | Rs 4,250 |
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Motilal Oswal has maintained buy rating on Titan shares and cut the target price to Rs 4150 from Rs 4250. It said that FY2025 starts on a strong note for Titan with margin guidance intact. It said that growth trend continues for Titan with expansion in operating margin.
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Avendus has maintained Buy on Titan for target price of Rs 4100, down from previous target of Rs 4250. Health growth momentum is expected to continue.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
