Titan Share Rally 6% On Robust Q4 Business Update; Should You Invest? – News18
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Titan Share Price: Shares of Titan rose 5% on Tuesday after the company reported a 25% growth in standalone business for Q4
Titan Shares Are In Focus As Company Announces Q4 Business Update
Titan Share Price: Shares of Titan, part of the Tata Group, rose 6 per cent on Tuesday after the company reported a 25 per cent growth in standalone business for the March 2025 quarter.
In the previous session, the stock closed lower by approximately 1 per cent at Rs 3,046.1 per share on the NSE.
The jewellery division posted a 24 per cent year-on-year growth during the reviewed period, driven by a notable increase in gold prices. The watch division also experienced robust growth, registering a 20 per cent year-on-year increase. All major retail channels saw healthy double-digit growth, with the Helios channel marking the highest growth.
Meanwhile, the eyecare segment grew by 18 per cent, benefiting from both higher revenue and increased customer numbers. Titan Eyeplus, with its multibrand strategy, achieved solid double-digit growth, driven by international brands. E-commerce has emerged as a new growth engine for the division, particularly favored by consumers for affordable fashion items like sunglasses.
“In Emerging Businesses, Fragrances grew approximately 26 per cent year-on-year, Fashion Accessories saw about 12 per cent year-on-year growth, while Taneira’s sales declined by around 4% year-on-year. ‘SKINN’ launched its first experiential store in Seawoods, Mumbai, and ‘IRTH’ opened four new stores in Hyderabad, Pune, Noida, and Mumbai. Taneira, however, closed one store during this period,” the filing added.
Should You Invest?
Global brokerage Macquarie maintains an ‘outperform’ rating on the stock, with a target price of Rs 4,000, implying potential gains of over 31% from the previous close. According to the brokerage, the company saw healthy jewellery sales growth, surpassing expectations. This growth was driven by a double-digit increase in ticket size, with a single-digit growth in buyers.
Macquarie forecasts a 20 per cent standalone EBITDA growth for Q4 and stated that the strong performance during the quarter boosts confidence in their EPS estimates.
On the other hand, Morgan Stanley has an ‘overweight’ rating on the stock, setting a target price of Rs 3,876, which implies a potential upside of 27 per cent from the last close.
Citi, however, maintains a ‘neutral’ stance on the stock, with a target of Rs 3,550. The brokerage highlighted that the company’s jewellery business saw healthy growth, and it is closely monitoring the margin trajectory moving forward.
Over the past year, Titan’s shares have declined by up to 20 per cent, and year-to-date, they have dropped by just over 7 per cent.
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