Titan Shares Jump as Macquarie Stays Bullish and Jewellery Demand Stays Strong

Titan Company’s stock had a good day on June 25, rising almost 4% after Macquarie doubled down on its positive outlook for the brand. If you follow the markets or just like to keep an eye on big names in Indian retail, here’s what’s driving the buzz around Titan right now.

 

Here’s what’s happening:

 

Titan’s shares climbed to ₹3,664, making it one of the top performers on both the BSE and NSE. The rally came after Macquarie, a global brokerage, reaffirmed its “Outperform” rating and set a new price target of ₹4,150. That’s almost 18% higher than where the stock started the day.

 

The big reason for this optimism is Titan’s jewellery business, which makes up nearly 90% of its revenue. Despite high gold prices, demand for jewellery—especially for weddings and as an investment—remains strong.

 

Macquarie expects Titan’s jewellery sales and profits to grow by more than 20% in the first quarter of FY26. They also believe profit margins, which dipped last year, have bottomed out and should improve from here.

 

Titan’s last quarterly results back up the positive outlook: its net profit rose 13% and revenue jumped nearly 20% compared to last year.

 

The broader jewellery market in India is booming, with organised players like Titan expected to benefit the most. Analysts say the market could reach $168 billion by 2030, thanks to rising incomes and cultural demand.

 

Most analysts covering Titan still rate it a “buy,” and Macquarie thinks new product launches and steady demand will help the company keep healthy profit margins going forward.

 

Source: Business Standard, NDTV Profit, CNBC TV18, Economic Times Retail, Moneycontrol, Business Upturn, GlobeNewswire, Grand View Research, GJEPC, Investing.com