Titan Shares Soar 4% to New 52-Week High on Stellar Q3 Growth, Beat Estimates
Business
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Moneycontrol•07-01-2026, 12:12
Titan Shares Soar 4% to New 52-Week High on Stellar Q3 Growth, Beat Estimates
- •Titan Company shares surged 4% to a fresh 52-week high of Rs 4,280 after reporting strong Q3 FY26 business updates.
- •The company's consumer business saw a 40% YoY growth, with the Jewellery segment leading with a 41% rise, driven by festive demand and gold exchange offers.
- •Watch segment grew 13% YoY, boosted by premiumization, while smartwatches declined 26% in volumes. Eye care and emerging businesses also showed growth.
- •International markets recorded a significant 79% YoY growth, and the domestic market grew 38% with substantial store additions.
- •Brokerages like Nomura (Buy, TP Rs 4,500), JM Financial, and Centrum Broking lauded Titan's "blockbuster" Q3 performance, beating estimates.
Why It Matters: Titan's strong Q3 performance, fueled by robust jewellery and international growth, propelled its shares to a new 52-week high.
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