Titan Shares Soar 4% to New Highs on Robust Q3 Performance
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CNBC TV18•07-01-2026, 10:05
Titan Shares Soar 4% to New Highs on Robust Q3 Performance
- •Titan Company Ltd. shares jumped 4% to new record highs following a strong Q3 business update.
- •The company reported a 38% year-on-year domestic sales growth in the third quarter.
- •Core jewellery business, including Tanishq and CaratLane, grew 41%, while Watches grew 13%.
- •Smart Watches category saw a 26% decline, but Eyecare and international businesses showed strong growth.
- •Brokerage firms Goldman Sachs and Nomura raised price targets and maintained 'buy' ratings on the stock.
Why It Matters: Titan's strong Q3 performance across segments propelled its shares to new record highs, impressing analysts.
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