{"id":2480,"date":"2026-07-08T11:43:33","date_gmt":"2026-07-08T06:13:33","guid":{"rendered":"https:\/\/www.bullscreen.in\/news\/?p=2480"},"modified":"2026-07-08T11:43:33","modified_gmt":"2026-07-08T06:13:33","slug":"titan-q1-sales-jump-41-nomura-buy-rs-5000-target","status":"publish","type":"post","link":"https:\/\/www.bullscreen.in\/news\/titan-q1-sales-jump-41-nomura-buy-rs-5000-target\/","title":{"rendered":"Titan Q1 Sales Jump 41%; Nomura Reaffirms ‘Buy’ with \u20b95,000 Target"},"content":{"rendered":"\n

Titan Company<\/a> delivered a stronger-than-expected business performance in the first quarter of FY27, strengthening confidence in its growth outlook. Following the robust update, brokerage Nomura maintained its ‘Buy’<\/strong> rating on the stock and reiterated its \u20b95,000 target price<\/strong>. The company’s performance has also drawn attention ahead of Q1 results 2027<\/strong>, as investors look for confirmation of the strong momentum.<\/p>\n\n\n\n

According to Nomura<\/a>, Titan’s consolidated sales growth, excluding bullion, rose 41% year-on-year<\/strong>, comfortably beating its estimate of 37%<\/strong> and the broader market expectation of 31%<\/strong>. The brokerage said every major business segment delivered stronger-than-expected growth, reflecting healthy consumer demand.<\/p>\n\n\n\n

The jewellery business, including CaratLane, recorded 39% sales growth<\/strong>, supported by festive buying and strong demand during Akshaya Tritiya. CaratLane outperformed with 42% year-on-year growth<\/strong>, significantly higher than Nomura’s estimate of around 20%<\/strong>, helped by stable gold prices. Buyer growth improved to early double digits during the quarter, while higher gold prices pushed average transaction values into high double-digit growth.<\/p>\n\n\n\n

Titan also expanded its retail footprint aggressively by opening 22 Tanishq, Mia and Zoya stores<\/strong> along with 11 CaratLane outlets<\/strong>, exceeding brokerage expectations. Nomura believes this faster expansion could further support growth in the second half of FY27.<\/p>\n\n\n\n

The watches segment posted 23% sales growth<\/strong>, nearly double Nomura’s forecast of around 12%<\/strong>, driven by premium analogue watches. Eyecare revenue also increased 23%<\/strong>, while international sales surged 128% year-on-year<\/strong>, supported by strong GCC demand and improving performance at Damas Jewellery.<\/p>\n\n\n\n

Looking ahead to Q1 results 2027<\/strong>, Nomura expects Titan to maintain its leadership in the organised jewellery market and forecasts a 21% EPS CAGR between FY26 and FY29<\/strong>, driven by market share gains, store expansion and continued consumer preference for trusted branded jewellers.<\/p>\n\n\n\n

<\/i><\/span>Titan Q1 FY27 Performance Snapshot <\/h2>
<\/div><\/div>\n\n\n\n
Metric<\/strong><\/th>Q1 FY27 Update<\/strong><\/th><\/tr><\/thead>
Brokerage View<\/td>Nomura reiterates ‘Buy’<\/strong><\/td><\/tr>
Target Price<\/td>\u20b95,000 per share<\/strong><\/td><\/tr>
Consolidated Sales Growth (Ex-Bullion)<\/td>41% YoY<\/strong><\/td><\/tr>
Nomura Estimate<\/td>37% YoY<\/strong><\/td><\/tr>
Street Consensus<\/td>31% YoY<\/strong><\/td><\/tr>
Jewellery Sales Growth<\/td>39% YoY<\/strong><\/td><\/tr>
CaratLane Sales Growth<\/td>42% YoY<\/strong><\/td><\/tr>
Watches Sales Growth<\/td>23% YoY<\/strong><\/td><\/tr>
Eyecare Sales Growth<\/td>23% YoY<\/strong><\/td><\/tr>
International Sales Growth<\/td>128% YoY<\/strong><\/td><\/tr>
New Stores Opened<\/td>22 Tanishq\/Mia\/Zoya + 11 CaratLane<\/strong><\/td><\/tr>
Long-Term Outlook<\/td>21% EPS CAGR (FY26\u2013FY29, Nomura estimate)<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

<\/i><\/span>Key Highlights at a Glance <\/h2>
<\/div><\/div>\n\n\n\n
Segment<\/strong><\/th>Key Takeaway<\/strong><\/th><\/tr><\/thead>
Overall Business<\/td>Sales growth exceeded both Nomura and market estimates.<\/td><\/tr>
Jewellery<\/td>Strong festive demand and stable gold prices boosted sales.<\/td><\/tr>
CaratLane<\/td>Demand improved sharply, outperforming brokerage expectations.<\/td><\/tr>
Watches<\/td>Premium analogue products drove stronger-than-expected growth.<\/td><\/tr>
Eyecare<\/td>Broad-based demand supported healthy revenue growth.<\/td><\/tr>
International Business<\/td>Strong GCC demand and recovery at Damas Jewellery lifted sales.<\/td><\/tr>
Store Expansion<\/td>Faster retail expansion is expected to support growth in H2 FY27.<\/td><\/tr>
Investment View<\/td>Nomura remains positive, expecting continued market share gains from organised jewellery retail.<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"

Titan Company delivered a stronger-than-expected business performance in the first quarter of FY27, strengthening confidence…<\/p>\n","protected":false},"author":2,"featured_media":2481,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[55],"tags":[461,35],"class_list":["post-2480","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-consumer-durables","tag-q1-results-2027","tag-titan"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\n","aioseo_head_json":{"title":"Titan Q1 Sales Jump 41%; Nomura Reaffirms \u2018Buy\u2019 with \u20b95,000 Target - BULLSCREEN","description":"Titan Q1 sales jumped 41%, beating estimates. Nomura reiterates 'Buy' rating with a \u20b95,000 target as jewellery, watches and CaratLane drive growth.","canonical_url":"https:\/\/www.bullscreen.in\/news\/titan-q1-sales-jump-41-nomura-buy-rs-5000-target\/","robots":"max-image-preview:large","keywords":"","webmasterTools":{"miscellaneous":""},"schema":null,"og:locale":"en_US","og:site_name":"NSE & BSE Stock Market News - BULLSCREEN - Smart analysis for smart decisions.","og:type":"article","og:title":"Titan Q1 Sales Jump 41%; Nomura Reaffirms \u2018Buy\u2019 with \u20b95,000 Target - BULLSCREEN","og:description":"Titan Q1 sales jumped 41%, beating estimates. Nomura reiterates 'Buy' rating with a \u20b95,000 target as jewellery, watches and CaratLane drive growth.","og:url":"https:\/\/www.bullscreen.in\/news\/titan-q1-sales-jump-41-nomura-buy-rs-5000-target\/","og:image":"https:\/\/www.bullscreen.in\/news\/wp-content\/uploads\/2026\/07\/titan-q1-sales-jump-41-nomura-buy-rs-5000-target.jpg","og:image:secure_url":"https:\/\/www.bullscreen.in\/news\/wp-content\/uploads\/2026\/07\/titan-q1-sales-jump-41-nomura-buy-rs-5000-target.jpg","og:image:width":"1199","og:image:height":"675","article:published_time":"2026-07-08T06:13:33+00:00","article:modified_time":"2026-07-08T06:13:33+00:00","article:author":"https:\/\/www.facebook.com\/Bullscreen\/","twitter:card":"summary_large_image","twitter:title":"Titan Q1 Sales Jump 41%; Nomura Reaffirms \u2018Buy\u2019 with \u20b95,000 Target - BULLSCREEN","twitter:description":"Titan Q1 sales jumped 41%, beating estimates. Nomura reiterates 'Buy' rating with a \u20b95,000 target as jewellery, watches and CaratLane drive growth.","twitter:creator":"@Bullscreen_","twitter:image":"https:\/\/www.bullscreen.in\/news\/wp-content\/uploads\/2026\/07\/titan-q1-sales-jump-41-nomura-buy-rs-5000-target.jpg"},"aioseo_meta_data":{"post_id":"2480","title":"#post_title #separator_sa BULLSCREEN","description":"Titan Q1 sales jumped 41%, beating estimates. Nomura reiterates 'Buy' rating with a \u20b95,000 target as jewellery, watches and CaratLane drive growth.","keywords":null,"keyphrases":{"focus":{"keyphrase":"","score":0,"analysis":{"keyphraseInTitle":{"score":0,"maxScore":9,"error":1}}},"additional":[]},"primary_term":null,"canonical_url":null,"og_title":null,"og_description":null,"og_object_type":"default","og_image_type":"featured","og_image_url":"https:\/\/www.bullscreen.in\/news\/wp-content\/uploads\/2026\/07\/titan-q1-sales-jump-41-nomura-buy-rs-5000-target.jpg","og_image_width":"1199","og_image_height":"675","og_image_custom_url":null,"og_image_custom_fields":null,"og_video":"","og_custom_url":null,"og_article_section":null,"og_article_tags":null,"twitter_use_og":false,"twitter_card":"default","twitter_image_type":"featured","twitter_image_url":"https:\/\/www.bullscreen.in\/news\/wp-content\/uploads\/2026\/07\/titan-q1-sales-jump-41-nomura-buy-rs-5000-target.jpg","twitter_image_custom_url":null,"twitter_image_custom_fields":null,"twitter_title":null,"twitter_description":null,"schema":{"blockGraphs":[],"customGraphs":[],"default":{"data":{"Article":[],"Course":[],"Dataset":[],"FAQPage":[],"Movie":[],"Person":[],"Product":[],"ProductReview":[],"Car":[],"Recipe":[],"Service":[],"SoftwareApplication":[],"WebPage":[]},"graphName":"BlogPosting","isEnabled":true},"graphs":[]},"schema_type":"default","schema_type_options":null,"pillar_content":false,"robots_default":true,"robots_noindex":false,"robots_noarchive":false,"robots_nosnippet":false,"robots_nofollow":false,"robots_noimageindex":false,"robots_noodp":false,"robots_notranslate":false,"robots_max_snippet":"-1","robots_max_videopreview":"-1","robots_max_imagepreview":"large","priority":null,"frequency":"default","local_seo":null,"breadcrumb_settings":null,"limit_modified_date":false,"ai":{"faqs":[],"keyPoints":[],"schemas":[],"titles":[],"descriptions":[],"socialPosts":{"email":{"subject":"","preview":"","content":""},"linkedin":[],"twitter":[],"facebook":[],"instagram":[]}},"created":"2026-07-08 05:56:19","updated":"2026-07-08 06:14:05","seo_analyzer_scan_date":null},"aioseo_breadcrumb":"

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