Prabhudas Lilladher Recommends 'Buy' on Titan, Raises Target to Rs 4600
Business
M
Moneycontrol•07-01-2026, 13:14
Prabhudas Lilladher Recommends 'Buy' on Titan, Raises Target to Rs 4600
- •Prabhudas Lilladher maintains a 'Buy' rating for Titan Company, increasing its target price to Rs 4600.
- •Titan's new 'beYon' brand for lab-grown diamonds is expected to expand its addressable market and customer base.
- •Core businesses show robust growth: domestic Jewellery up 41%, Watch double-digit, and Eyewear grew 16% in Q3.
- •Analysts project continued strong growth for Titan, driven by higher gold prices and sustained demand.
- •FY26/27/28 EPS estimates are increased, with a projected 27.4% EPS CAGR over FY25-28.
Why It Matters: Prabhudas Lilladher recommends 'Buy' on Titan, citing strong growth and an increased target price of Rs 4600.
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