Tata group stock jumps 5% after reporting 41% YoY growth in business; Do you own it?

Synopsis: Shares jumped over 5% after a strong Q3 update, driven by ~40% YoY consumer business growth and jewellery up 41%. International jewellery surged ~81%, while brokerages stayed bullish with a ₹4,500 target, citing robust earnings momentum and strong store expansion.

The shares of this lifestyle company gained up to 5 percent in today’s trading session after the company reported robust business, were consumer businesses registered a growth of 40% YoY, and Nomura reiterated its Buy rating.

With a market capitalisation of Rs 3.79 lakh crore, the shares of Titan Company Ltd were trading at Rs 4,278.20 per share, increasing around 4.24 percent as compared to the previous closing price of Rs 4,111.10 apiece.

Business Update

Titan Company Limited delivered a strong Q3FY26 performance, led by jewellery growth of ~41% YoY, driven by higher ASPs despite flat buyer growth. Gold coins nearly doubled, plain gold grew in the high-30% range, and studded jewellery rose in the mid-20%. Watches grew ~13% YoY, while EyeCare expanded ~16%.

Emerging businesses showed mixed trends, with fragrances up 22% and women’s bags surging 111%, while Taneira declined 6%. The internfational jewellery business jumped ~81% YoY, supported by GCC, Singapore, and North America. Store expansion remained healthy, with 47 jewellery, 22 watch, and selective EyeCare and international additions.

Brokerage Comments

Titan Company Limited received a positive outlook from Nomura, which reiterated a Buy rating with a target price of Rs 4,500, implying over 9% upside. The brokerage highlighted a strong Q3 beat, with ex-bullion consolidated sales rising ~40% YoY. Jewellery, including CaratLane, grew ~41%, exceeding expectations, while watches and eyewear performed in line.

On the other hand, JM Financial termed Titan’s Q3 performance “blockbuster,” attributing it largely to a 65% YoY rise in gold prices. It expects jewellery EBIT margins of ~10.8% despite margin pressure from customs duty. The brokerage projects robust standalone EBITDA and PAT growth of ~60% and ~64% YoY, underscoring strong earnings momentum.

Recently, Titan Company Limited announced the launch of its first lab-grown diamond jewellery brand, beYon – from the House of Titan, with an exclusive store opening in Mumbai on 29 December 2025. The brand targets women’s lifestyle adornment beyond traditional categories and marks Titan’s entry into the fast-emerging LGD segment, with plans to expand in Mumbai and Delhi soon.

The company delivered a strong financial performance in Q2FY26, with revenue rising 29% YoY to  Rs 18,725 crore from  Rs 14,534 crore. Profitability improved sharply, as net profit surged 59% YoY to  Rs 1,120 crore, reflecting operating leverage, healthy demand conditions, and improved margins during the quarter.

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