Business Desk-Tata Group Share Price: Gold prices remain close to record highs. However, it does not seem to have any significant impact on the sales of major jewelery companies of the country. Especially Titan Company which is the leading jewelery and retail company of Tata Group. Performed brilliantly during the March quarter.
Foreign brokerage firm, JP Morgan has also been greatly impressed by this excellent performance. Following strong Q4 results and business updates, JP Morgan has upgraded the stock’s rating to ‘Overweight’ from ‘Neutral’. Let us take detailed information about this brokerage report.
JP Morgan report
The brokerage believes that despite high gold prices, Titan is continuously adding new customers. This thing is gradually becoming his biggest strength. Based on this assessment, the brokerage has set the target price of Titan shares at Rs 5,400 for the year 2027. This target is about 24% above the stock’s current trading price of $4,350.40.
According to the report, the jewelery business of the company is growing very fast. Its dominance in the organized jewelery market is continuously increasing. The company is no longer limited to just traditional gold jewellery, but is also rapidly expanding into new areas like studded jewellery, premium category, digital jewelery and lab-grown diamonds.
Apart from this, watch business and other emerging business verticals are providing a strong base for the overall growth of the company. As a result, foreign brokerages now look quite optimistic about the company’s earnings and stock performance in the coming years.
Q4 performance (2025-26)
In the fourth quarter of FY 2025-26, Titan’s net profit increased by 35% year-on-year to Rs 1,179 crore, from Rs 870 crore in the same quarter last year.
For the entire financial year 2025-26, the company’s annual net profit stood at Rs 5,073 crore. Additionally, the company’s total revenue in the fourth quarter registered a growth of 46%, which increased to Rs 20,300 crore.
Titan share price
In the previous session, the stock had closed at the level of 4,385.20, registering a gain of about 11%. However, on Monday, May 11, the company’s shares were seen trading at Rs 4,252, a decline of about 6%. The market capitalization of the company is Rs 4,00,693 crore.
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