Geojit Financial Services has issued a buy rating on Titan Company with a target price of ₹5,635 in its research report dated August 17, 2026. According to the report, the brokerage believes the valuation is justified by Titan's strong execution, earnings compounding ability and industry-leading return ratios, despite the stock trading at a premium to peers.
The company delivered impressive financial results for Q1FY27, with consolidated revenue growing 29.3% year-on-year to ₹21,356 crore. As reported by Geojit Financial Services, this growth was driven by strong jewellery demand, retail expansion, premiumization trends, and higher buyer engagement across key brands. The jewellery segment's revenue rose 42.6% YoY to ₹18,253 crore, propelled by festive/wedding demand, stable gold prices, buyer and ticket size growth, and attractive exchange-led proposition.
Consolidated EBITDA surged 57.9% YoY to ₹2,890 crore with margin expanding 240 basis points YoY to 13.5%. According to Geojit Financial Services, this growth was driven by strong revenue, favorable product mix, and inventory revaluation. Reported profit after tax increased 62.9% YoY to ₹1,777 crore, supported by strong operating performance and customs-duty related gains. The company operates across jewellery, watches, eyecare, fragrances, fashion accessories and engineering solutions, with jewellery remaining the dominant revenue contributor.
Geojit Financial Services has upgraded the stock to buy with a revised target price of ₹5,635, based on 63x FY28E EPS. As reported in the research report, the brokerage expects the company to continue benefiting from strong execution capabilities, earnings compounding ability, and industry-leading return ratios, supporting the positive investment outlook despite the premium valuation.
