Despite the excellent business update for the second quarter (Q2FY27) of the current financial year 2026-27, Titan fell in the stock market on Wednesday. (Titan) There was a decline in the shares of. Titan shares fell by 4% in early trading of the day. The company’s shares fell to ₹4,370 on BSE. However, during this period, the company’s consumer business has recorded a strong overall growth of 25% on an annual basis, which includes jewellery, watches and eyecare. (Eye Care) Like all the main segments are included.
Key figures and business performance of the quarter
- Jewelery Business Talking about Titan, its main jewelery segment registered a growth of about 21% on an annual basis. Tanishq, Mia, Zoya and beYon together achieved a growth of 20%, while CaratLane registered a strong growth of 32%. However, demand for investment coins declined by one point due to higher base.
- watch business If we look at the latest updates, there was a huge jump of 30% in the watches business. There was a growth of more than 30% in sales of analog watches, while the smartwatch segment also recorded improvement.
- EyeCare Talking about business, the eyecare division registered a growth of 28% in the second quarter. The company’s multi-brand strategy and upgradation of existing stores have strengthened this segment.
- Stores and International Business Titan added 78 new stores during the July-September quarter, taking its total store count to 3,758. The company’s international business showed a tremendous growth of 97%, in which North America and Gulf (Gulf Cooperation Council – GCC) countries had a major contribution.
Then why did the shares fall?
Demand remained strong for most of the quarter, but sales slowed down slightly at the end of the quarter due to the festival calendar shifting to the third quarter (Q3). Apart from this, gold prices have remained at record levels, due to which the scope of purchasing by customers has been slightly limited.
share performance
Shares of Titan Company Limited are trading under pressure today, with a decline of about 3.59%. By the time the news was written (12:09pm), this share had fallen by Rs 162.90 to the level of Rs 4,377.10.
What is the opinion of brokerage firm ‘Nomura’?
Despite the fall in Titan’s shares, global brokerage firm Nomura has maintained its confidence in this stock and has given ‘Buy’ rating on the stock. Nomura has set a target price of ₹5,425 for Titan.
According to Nomura, in the coming quarters (Q3, Q4 and Q1), Titan may face a high sales base from last year, due to which revenue growth may look a bit sluggish in percentage terms. At the same time, the slowdown seen in quarter-on-quarter revenue growth due to increased gold prices is natural. But, Nomura estimates that the company can achieve a strong growth of 19% in total sales and 23% in EBIT in FY 2026-27. The brokerage believes that any fall or correction in the stock due to high base and high gold prices could prove to be a great opportunity for long-term investors to accumulate Titan shares.
Source: www.livehindustan.com
