The jewelry section—Titan’s largest—registered 24% YoY development, supported by greater gold costs. Plain gold jewelry rose 27%, whereas gold coin gross sales jumped 65%, reflecting sturdy shopper curiosity in each adornment and funding purchases. Nonetheless, elevated costs dampened demand in cheaper price brackets, leading to single-digit purchaser development.
In distinction, premium jewelry demand remained agency, driving a excessive double-digit enhance in common ticket sizes. Studded jewelry grew in low double digits, whereas the solitaire section noticed a turnaround in efficiency.
The watches and wearables enterprise grew 20% YoY, led by strong gross sales of analog watches beneath the Titan, Fastrack, and Sonata manufacturers.
Titan’s EyeCare section posted 18% YoY development, supported by sturdy traction in worldwide eyewear manufacturers and rising e-commerce contribution.
Amongst rising classes, fragrances grew 26% YoY, and Caratlane reported 22% development, led by a wholesome studded portfolio. Nonetheless, Taneira gross sales declined by 4% throughout the quarter.Additionally Learn: From Ambani to Adani: India’s 4 richest billionaires lose over $10 billion in bloody Monday market crash
Titan shares worth goal
In March, international brokerage Macquarie lowered its goal worth for Titan to Rs 4,000 from Rs 4,150 whereas retaining its ‘Outperform’ score. The brokerage continues to see Titan as a high choose within the shopper sector and expects the rise in gold lease prices to favour Titan over smaller gamers. Issues over lab-grown diamonds have been seen as immaterial.
Nonetheless, Macquarie trimmed FY25–27 EPS estimates by 3–4% because of greater lease prices—partly linked to tariff impacts—and the near-term strain from elevated gold costs on jewelry demand.
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Titan shares technical indicators
Technically, the inventory’s Relative Energy Index (RSI) is at 42.7. An RSI under 30 alerts oversold circumstances, whereas above 70 signifies overbought territory. The inventory’s MACD stands at 5.9, above the middle line however under the sign line.
Titan shares are at present buying and selling under all key short- and long-term shifting averages, together with the 20-day to 200-day easy shifting averages (SMAs).
Titan shares worth efficiency
On Monday, Titan shares closed at Rs 3,203.6 on the BSE, down 1.7%, whereas the benchmark Sensex declined 1.95%. The inventory is down 14% up to now 3 months and 19% over the previous 12 months. Its market capitalisation at present stands at Rs 2.68 lakh crore.
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(Disclaimer: Suggestions, options, views and opinions given by the consultants are their very own. These don’t symbolize the views of the Financial Instances)
