Athira Sethu
Kochi, 11 May 2026
Titan Company’s shares closed 6.85% down at Rs 4,200 in the NSE on Monday, despite posting strong quarterly results for Q4FY26. The company reported a consolidated net profit of Rs 1,179 crore, up 35% from Rs 871 crore in the same quarter last year. Total income surged 46% to Rs 20,300 crore, driven by robust growth across jewellery, watches, and domestic eyecare segments. While the jewellery business saw a 50% year-on-year jump, the watch segment recorded an 8% increase with an EBIT margin of 11.7%, and the eyecare business grew 17% with a 9.2% margin.
Titan Q4FY26 Financial Highlights
| Segment | Total Income (₹ Cr) | YoY Growth | EBIT (₹ Cr) | EBIT Margin |
| Jewellery | Rs 18,195 | 50% | – | – |
| Watches | 1,222 | 8% | 143 | 11.7% |
| Domestic Eyecare | 227 | 17% | 21 | 9.2% |
| Consolidated Revenue | 20,300 | 46% | 1,179* | – |
| *Net Profit |
Brokerage Recommendations on Titan Company
| Brokerage | Rating | Target Price (₹) | Upside Potential |
| Morgan Stanley | Overweight | 5,212 | 15.4% |
| Goldman Sachs | Buy | 5,400 | 20% |
| Bernstein | Outperform | 5,000 | 11% |
| Nuvama | Buy | 5,240 | 16% |
| Elara Capital | Buy | 5,350 | – |
