Titan Shares Jump 2% After Strong Q1FY26; Brokerages See Up to 26% Upside

Shares of Titan Company Ltd climbed 2% to ₹3,478 on Thursday after the Tata Group company reported a robust performance for the April–June quarter (Q1FY26), beating analyst estimates across all key metrics. Titan’s consolidated net profit surged 52.5% YoY to ₹1,091 crore, while revenue rose 24.6% to ₹16,523 crore. The company’s EBITDA jumped 46.7% to ₹1,830 crore, and EBITDA margin improved to 11.1%, beating expectations of 10.6%. 💎 Segment-wise Highlights Jewellery Division (Core Segment): Revenue (excl. bullion & digi-gold): +19% YoY Despite high gold prices, demand remained resilient Watches & Wearables: Revenue: ₹1,273 crore (▲24% YoY) Among the best quarters ever Eyewear (EyeCare): Revenue: ₹238 crore (▲13% YoY) EBIT: ₹20 crore | EBIT Margin: 8.4% Titan Engineering & Automation (TEAL): Revenue: ₹307 crore (▲56%) Automation Solutions: ▲82% | Manufacturing Services: ▲16% Driven by strong aerospace demand 📊 Brokerage Ratings & Targets Brokerage Rating Target Price Upside from ₹3,478 CLSA Outperform ₹4,394 +26% Jefferies Buy ₹3,800 +9% Prabhudas Lilladher Buy ₹3,901 +12% Citi Neutral ₹3,900 +12% CLSA reaffirmed confidence in Titan's FY26 jewellery EBIT margin guidance of 11–11.5%, while Jefferies highlighted strength across both jewellery and watches. Citi, however, flagged margin risks due to high gold prices, product mix shifts, and rising competition, despite Titan’s short-term outperformance. 🧠 Analyst Take Brokerages are broadly positive, citing product mix enhancements, lightweight jewellery focus, and innovation-led medium-term growth. Analysts see Titan continuing to dominate India's premium lifestyle and jewellery space, despite headwinds from gold price volatility and competitive pressures. #TATA #Titan