TITAN

Titan continues its stellar run with 17% YoY revenue growth in Q1 FY26, led by jewelry and watches. The Tanishq brand dominates with strong festive and wedding demand. Margins remain stable at 12%. The eyewear and wearables businesses add diversification. At ~65x FY26 EPS, valuations are premium but backed by strong execution and brand power. Titan remains a top consumer discretionary compounder for long-term investors.