Titan shares edge higher after strong Q1; should you buy, sell or hold post results?

Titan Q1 Shares Today, Titan Q1 Results: Tata backed Titan delivered strong numbers for the first quarter of FY 26, impressing the Street with strong growth in its jewellery and watches businesses. While concerns around rising gold prices and competitive pressure remain, most brokerages have raised their target prices, pointing to the company’s brand strength and long-term growth levers.

Shares of Titan rose nearly 1% in early trade on Friday, touching Rs 3,449. At 9:20 AM, the stock was up 0.69 per cent at Rs 3,438.45, even as the broader Sensex slipped 0.09 per cent.

Titan Q1 Results Highlights

For Q1FY26, Titan reported a 21 per cent year-on-year growth in standalone sales, led by a healthy 18 per cent rise in domestic jewellery revenue (17 per cent excluding bullion). Jewellery margins (ex-bullion) stood at 11.5 per cent, higher than the 11.2 per cent seen a year ago. Watches and wearables also continued to show strong momentum, contributing to the overall beat.

Operating profit was 14 per cent above analyst estimates, though part of the margin lift came from one-off gains, which are expected to normalize in coming quarters.

Brokerages on Titan: What are they saying

Jefferies maintained a Hold rating but increased its target to RS 3,800 (from Rs 3,600), noting strong brand-led growth but cautioning that some gains won’t sustain.

Goldman Sachs kept a Buy call, hiking its target to Rs 4,200, citing structural drivers like premiumisation and international expansion.

CLSA raised its target to Rs 4,394 (from Rs 4,326) and reiterated an Accumulate rating, pointing to better-than-expected performance in the jewellery segment.

Citi and JP Morgan stayed Neutral, with targets of Rs 3,900 and Rs 3,500 respectively. Both flagged risks from high gold prices and the growing number of competitors in the space.