The rally followed Titan’s strong December-quarter performance, with consolidated profit after tax climbing 61% year-on-year to ₹1,684 crore for the third quarter of FY26. | Photo Credit: AMIT DAVE
Shares of Titan Company surged 2.5 per cent in early trade on Wednesday after the jewellery-to-watches major reported a sharp jump in quarterly earnings and received upbeat commentary from global brokerages.
The stock rose 2.5 per cent to touch a fresh 52-week high of ₹4,378.40 before paring some gains. At 9.46 am, it was trading at ₹4,324 on the NSEcompared with the previous close of ₹4,269.10.
The rally followed Titan’s strong December-quarter performance, with consolidated profit after taxes climbing 61 per cent year on year to ₹1,684 crore for the third quarter of FY26, aided by healthy festive demand and steady execution across segments.
Morgan Stanley reiterated its constructive stance on the stock, assigning an overweight rating with a target price of ₹4,062. The brokerage said Titan delivered strong topline growth in the quarter, though jewelery margins saw a slight miss. It highlighted that jewelery revenue rose about 40 per cent year on year, supported by exchange programs rolled out in late September, festive collections and bundled offers. Morgan Stanley noted that margins in the jewelery division were down 50 basis points because of lower studded jewelery margins, higher gold coin sales and increased marketing spends, but added that eyewear and watches outperformed expectations on both growth and profitability.
Nomura also maintained a bullish outlook, reiterating a buy call with a target price of ₹4,500 per share. The brokerage said the company delivered robust overall consolidated revenue and EBITDA growth of 42 per cent and 41 per cent year on year, respectively, in the third quarter. It pointed to strong performance in the jewelery business across both sales and margins, continued momentum in the watches segment in the analogue category despite some pressure on wearables, and healthy growth in emerging businesses such as women’s bags and fragrances.
The upbeat brokerage commentary, coupled with the sharp earnings growth, fueled optimism around Titan’s growth prospects, helping the stock scale new highs in morning trade.
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Published on February 11, 2026