Titan Share Price Rises 2% as Macquarie Maintains ‘Outperform’ Rating, Predicts Demand Recovery

Titan Share Price Rises as Macquarie Upholds ‘Outperform’ Rating Amid Strong Demand

Demand for branded jewellery in India is recovering, and this has caused the Titan share price to surge by around 2–3% during intraday trading on June 25. This positive movement follows Macquarie reaffirming its ‘Outperform’ rating, with a target price of ₹4,150—an implied upside of approximately 18% from current levels.

Titan Share Price: What’s Fueling the Surge?

Macquarie’s industry surveys indicate a resurgence in consumer demand for jewellery in Q1 FY26, despite sustained high gold prices. The brokerage projects a year-on-year increase of over 20% in both jewellery revenue and earnings before interest and tax (EBIT) for this quarter.

Furthermore, Macquarie believes Titan’s jewellery EBIT margins have bottomed out in FY25 and are poised for upward movement. The company appears on track to hit its FY26 guidance of 11–11.5% margins.

Titan Share Price Insight: Structural Advantages and Market Share

Titan holds an estimated 7% share of India’s jewellery market, which has expanded at a compound annual growth rate (CAGR) of 13% over the past 15 years. This strong footing, reinforced by popular brands like Tanishq, Mia, Zoya, and Titan Eyeplus, provides a robust base for sustained growth.

Strong Demand and Margin Optimism Boost Titan Share Price

According to Macquarie, Titan’s jewellery segment is expected to see over 20% year-on-year growth in both revenue and EBIT in Q1 FY26. The brokerage believes that EBIT margins have bottomed out in FY25 and should rise in the coming quarters, helping the company meet its margin guidance of 11–11.5% for the year.

Titan Share Price Performance & Market Reaction

On June 25, the Titan share price surged approximately 2.2–3% to reach intraday highs of around ₹3,630 on the NSE and BSE . It emerged as the top gainer among Sensex and Nifty stocks.

The current share price stands near ₹3,600, marking a 10% gain year-to-date, with analysts expecting continued upside momentum. Titan has already gained over 10% so far in 2025.

Titan Share Price Drivers: Key Tailwinds

1. Jewellery Demand Rebound
   • Despite elevated gold prices, consumer appetite remains robust, especially for branded and mined-diamond jewellery.
2. Margins Stabilizing
   • Macquarie forecasts that jewellery EBIT margins will rebalance and meet FY26 guidance due to better selling prices and operational efficiency.
3. Revived Mined-Diamond Sales
   • A shift back toward mined diamonds, amid regulatory changes affecting lab-grown certifications, strengthens Titan’s core offerings.
4. Solid Q4 FY25 Results
   • Titan posted ₹871 crore net profit for Q4 FY25, a healthy 13% jump year-on-year. Quarterly revenue reached ₹14,916 crore, up 19–20%, driven by jewellery, watches, eyewear, and emerging segments.

Market Share and Long-Term Growth

Titan currently commands a 7% share in India’s rapidly expanding jewellery market, which has grown at a CAGR of 13% over the last 15 years. This market dominance, supported by robust demand and brand strength, positions Titan for continued long-term expansion.

Titan Share Price Outlook: What Next?

• Price Potential: Macquarie’s ₹4,150 target suggests a 17–18% lift from the current ₹3,530–3,600 range.
• Analyst Confidence: 23 out of 35 equity analysts recommend buy, with others split among hold and sell .
• Near-Term Drivers: Continued momentum in Q1 jewellery sales and margin improvements.
• Long-Term Prospects: Titan’s leadership in branded jewellery, alongside growth in eyewear and wearables, positions it well for structural expansion business-standard.com+1x.com+1moneycontrol.com+4livemint.com+4en.wikipedia.org+4.

Summary: Titan Share Price Set for Further Gains

The reinforcing of Macquarie’s bullish outlook has boosted investor sentiment and driven the Titan share price higher. Key factors underpinning this rise include strong demand resurgence, margin recovery, resilience in mined-diamond segment, and solid financial performance. With a projected upside nearing 18% and broad analyst backing, Titan appears poised for continued growth across jewellery and lifestyle segments.

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