Titan Company

Titan Company scheduled physical one-on-one and group meetings with institutional investors at the UBS Conference on 10 September and the Axis Conference on 11 September 2026. The listed participants included Invesco, Franklin Templeton and Helios Capital Management, alongside domestic and international asset managers, insurers and pension funds. The sessions were set to run from 9:00 a.m. to 6:20 p.m. on 10 September and from 9:00 a.m. to 5:50 p.m. on 11 September. Titan Company had scheduled separate one-on-one meetings with ICICI Lombard on 20 August and First Seniter Investor Group on 21 August. No price-sensitive or forward-looking information was to be discussed, and the schedule could change.

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Titan Company scheduled one-on-one physical meetings with Kotak Mahindra Asset Management, ICICI Prudential Life Insurance Co, SBI Mutual Fund and Nippon Life Asset Management for 9 September 2026. The meetings were arranged in one-hour slots between 3 p.m. and 7 p.m. Titan had also scheduled one-on-one physical meetings with First Sentier Investor Group and ICICI Lombard in August. No price-sensitive or forward-looking information was to be disclosed or discussed, and the schedule was subject to change.

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Aug 13 (Reuters) -

• TITAN, HINDUJA GROUP, ULTRAVIOLETTE, DAIMLER, SAINT-GOBAIN AMONG COS SIGNING 97 MOUS WORTH 674.52 BILLION RUPEES WITH INDIA'S TAMIL NADU STATE- GOVERNMENT STATEMENT

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Changes headline, rewrites, updates shares

By Surbhi Misra

Aug 12 (Reuters) - Shares of Tata Group companies fell on Wednesday after N. Chandrasekaran said he would not seek reappointment as Tata Sons chairman, deepening uncertainty at India's largest conglomerate that is already grappling with issues ranging from regulatory scrutiny to pricing pressures.

India's top IT services exporter, Tata Consultancy Services TCS.NS, slumped 3.9% and was the biggest loser on the Nifty .NSEI, dragging benchmark indexes lower.

Jaguar Land Rover-parent Tata Motors Passenger Vehicles TAMO.NS closed down 1.3%, while jeweller Titan TITN.NS and Tata Steel TISC.NS slipped 0.6% and 1.1%, respectively.

The stocks, however, ended off the day's lows.

Chandrasekaran cited a lack of backing from the board as the reason behind his decision, following months of tensions with Tata Trusts, the charity arm that owns 66% of Tata Sons, which, in turn, controls more than 30 companies in the conglomerate.

The two sides have disagreed over a potential listing of Tata Sons, losses at Air India, the planned exit of a minority shareholder and board representation.

"It's a knee-jerk reaction as Chandra has been at the helm for a long time, however, once the new chairperson is announced, it would be back to business as usual," said Ambareesh Baliga, a Mumbai-based market analyst.

Over the past year, the conglomerate has had to grapple with regulatory scrutiny of Air India following a fatal crash, pricing pressure at TCS and a cyberattack at JLR that disrupted production and weighed on Britain's economic output.

A source with direct knowledge of Chandrasekaran's decision told Reuters the disagreements were the sole reason for his resignation.

So far in 2026, TCS shares have dropped 25.6%, Tata Motors Passenger Vehicles is down 6.6% while Tata Steel has gained 3.4%. Titan shares have risen 26%.

"We have witnessed such uncertain periods for Tata Group, when Ratan Tata had taken over in early 1990s and more recently during the Cyrus Mistry imbroglio, but it has always managed to steer through. So this time it shouldn't be any different," said Baliga.

(Reporting by Kashish Tandon, Surbhi Misra and Nishit Navin in Bengaluru; Editing by Mrigank Dhaniwala)

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Corrects brokerage name in bullet 4

** Titan Company TITN.NS reported 63% surge in quarterly net profit due to strong demand for mainstay jewellery business

** Shares rose 1.4% to 5,010.6 rupees

STRONG DEMAND, OUTLOOK ENCOURAGING

** Elara Capital ("accumulate", raises TP to 5,300 rupees from 5,100 rupees) notes co brands Tanishq, Mia, and Zoya reported Q1 buyer growth of 5%, while Caratlane posted strong double-digit growth

** HDFC Securities Institutional Equities ("reduce", TP at 4,350 rupees) says May demand impacted due to PM advisory, custom duty changes, and inauspicious timing for gold purchases, but rebounded sharply in June with resumption of wedding-led purchases

** Emkay ("add", TP up 10% at 5,600 rupees) notes company "nullified street concerns" around potential growth moderation after maintaining forecast of doubling top line and EBIT over FY26-30

** Ambit Insights ("buy", TP at 5,530 rupees) says co's diverse price points, multi-occasion, and multi-format strategy, underpinned by superior store economics, seen to drive market share expansion from current 8%

($1 = 95.2250 Indian rupees)

(Reporting by Saikeerthi in Bengaluru)

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Aug 7 (Reuters) - Titan Company Ltd TITN.NS:

• TITAN CO EXEC: JEWELLERY DEMAND PICKED UP IN JUNE AFTER SOFTNESS IN MAY

• TITAN CO EXEC: MIDDLE EAST WAR HAS REDUCED FOOTFALL, TICKET SIZES AT DAMAS JEWELLERY BUSINESS

• TITAN CO EXEC: SAW SOME SOFTNESS IN PLAIN GOLD JEWELLERY DEMAND TOWARDS END-JULY

• TITAN CO EXEC: GOLD EXCHANGE NORMALIZED AFTER 3-WEEK SPIKE FOLLOWING PM MODI'S APPEAL TO CURB GOLD PURCHASES

Source text: [ID:]

Further company coverage: TITN.NS

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July 27 (Reuters) - Titan Company Ltd TITN.NS:

• TITAN CO - NOEL N. TATA TO RETIRE AS VICE-CHAIRMAN IN NOVEMBER 2026

Source text: ID:nBSE8P82C8

Further company coverage: TITN.NS

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By Praveen Paramasivam

July 13 (Reuters) - Jewellery chain BlueStone BLUT.NS plans to more than double its store network and nearly double its retail workforce by fiscal 2030, with most new outlets set to open on India's high streets as premium mall space remains limited, its CEO said.

India has about 110 million square feet of Grade A mall stock, compared with more than 400 million in China and over 700 million in the United States, data from property consultancy Anarock showed, underscoring the shortage that is pushing retailers towards high streets.

"We are fairly saturated," BlueStone Jewellery and Lifestyle CEO Gaurav Singh Kushwaha told Reuters, adding that the company was already present in about 90% of India's "quality malls" and three-fourths of future stores would be on high streets.

The Prosus-backed jewellery retailer, which sells products including rings, earrings, necklaces and bangles, aims to raise its store count to 705 from 340 and increase revenue to 120 billion rupees ($1.25 billion) by fiscal 2030 from 23.42 billion rupees in fiscal 2026. It also plans to expand its retail workforce to 4,000 from about 2,100.

Kushwaha said there were not enough malls in India, while citing Tata Group's Tanishq, which has more than 500 stores, as evidence jewellers could expand on high streets, unlike fashion and luxury brands that rely on mall footfall.

Brands, including WestBridge Capital-backed Wooden Street and Asics 7936.T, have also pointed to a shortage of premium retail space, particularly in major cities where mall supply has lagged demand.

BlueStone, like peers Kalyan Jewellers KALN.NS and Titan TITN.NS, is pressing ahead with its expansion despite volatile gold prices, which have made some smaller jewellers more cautious about opening stores.

"I hope it stays range-bound, doesn't go up, doesn't go down much," Kushwaha said. "That's the best environment to do business."

($1 = 95.7675 Indian rupees)

(Reporting by Praveen Paramasivam in Chennai; Editing by Dhanya Skariachan and Subhranshu Sahu)

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** Shares of Titan Company TITN.NS rise 0.7% on Friday to 4587.4 rupees

** For the week, jewellery and watches maker is up 2.8%, posting its second-straight weekly gain

** On Monday, TITN says its consumer businesses posted growth of 41% in Q1, beating analyst expectations

** Titan sees its highest weekly volumes in eight weeks

** YTD, stock up 13% vs a 7% drop in benchmark Nifty 50 .NSEI

(Reporting by Nishit Navin in Bengaluru)

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** India's jewellery and watches maker Titan's TITN.NS consumer businesses posted growth of 41% in Q1, driven by a 39% rise in its core domestic jewellery business and an over two-fold jump in international business

** Shares of Titan rose 3% to 4,618 rupees

STREET VIEW

** Citi ("Buy," PT: 5,075 rupees) says domestic jewellery growth excluding bullion sales came in ahead of its estimates

** BofA Securities ("Buy," PT: 4,830 rupees) says the quarter had started on a "good note" and described the 41% growth as slightly ahead of expectations

** UBS ("Buy," PT: 5,600 rupees) says growth across Tanishq, Mia, Zoya, CaratLane, and international segments beat expectations by a wide margin

** Macquarie ("Outperform," PT: 5,000 rupees) says pickup in buyer growth in the jewellery segment paints a constructive outlook for future quarters

** Bernstein ("Outperform," PT: 5,000 rupees) says the update demonstrated the "strength of the franchise"

(Reporting by Vijay Malkar in Bengaluru)

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July 6 (Reuters) - Titan Company Ltd TITN.NS:

• TITAN CO LTD - CONSUMER BUSINESSES REGISTERED A GROWTH OF 41% YOY IN Q1FY27

• TITAN CO LTD- IN Q1 FY27 DOMESTIC BUSINESS GREW 37% Y/Y

• TITAN CO LTD- IN Q1 FY27 INTERNATIONAL BUSINESS GREW 128% Y/Y

Further company coverage: TITN.NS

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** Shares of Titan Company TITN.NS rise 1.7% to 4,481.20 rupees

** Citi upgrades stock to "buy" from "neutral" with PT of 5,075 rupees, sees strong jewellery demand resilience

** Flags Titan as "outlier" in demand despite high gold prices and competition

** Brokerage introduces positive 90-day catalyst watch, citing earnings visibility

** Expects better product mix, with faster growth in studded jewellery

** Goldman Sachs warns falling gold prices could delay purchases short term

** However, brokerage sees margin expansion, cash-flow gains as key upside from lower gold prices

** Avg rating of 35 analysts on TITN at "buy"; median PT is 5,030 rupees - LSEG-compiled data

** YTD, stock up 10.6% vs Nifty 50's .NSEI 9.9% drop

(Reporting by Kashish Tandon in Bengaluru)

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** Indian jeweller Titan Company TITN.NS said at an analyst meet on Thursday it expects to double revenue and EBIT over FY26-30, driven by growth across its jewellery, watches and eyewear businesses

** Shares climb as much as 1.02% to 4,274 rupees, last up 0.38%

POISED TO GAIN MARKET SHARE

** Emkay ("add"; TP:4,750 rupees) expects pressure in jewellery business to be offset by a stronger outlook in watches, eyewear and TEAL

** Goldman Sachs says TITN's FY26-30 guidance is strong and could make it one of India's fastest-growing consumer companies, despite investor concerns over its high growth base

** Nomura ("buy"; TP: 5,000 rupees) expects watches, eyewear and emerging businesses to be key growth drivers through FY30; flags high gold prices as a risk to sales growth

** HSBC ("buy"; TP: 5,250 rupees) says TITN remains a compelling investment case despite near-term regulatory uncertainties

** CLSA ("outperform"; TP: 4,247 rupees) says TITN is well positioned to gain market share, as unorganised jewellers struggle amid volatile gold prices

(Reporting by Devika Nair in Bengaluru)

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The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

By Shritama Bose

MUMBAI, June 2 (Reuters Breakingviews) - Forcing an initial public offering of the Tata conglomerate's holding company would be a clumsy application of rules designed to reduce shadow banking risks. It could also sting the Indian government as it would curb the financial flexibility of the $270 billion cars-to-chips group when New Delhi most needs agility from its corporate behemoths.

A listing risk has hung over Tata Sons since 2021, when the Reserve Bank of India refreshed its rulebook, following the collapse of Infrastructure Leasing & Financial Services, a major non-bank lender. The RBI enhanced capital requirements for large shadow banks and mandated listings to increase transparency. Tata Sons is registered as a core investment company, which the RBI counts as a category of shadow banks.

Tata Sons has since taken extensive steps to address potential risks. Last year it completed a $13 billion IPO of Tata Capital TATC.NS, a small non-bank financial company; cut its quasi-lending exposure by reducing the value of so-called “letters of comfort” issued to subsidiaries’ creditors by 60% in the two years to March 31, 2025; and moved from a net debt to net cash position as of March 2024. Yet the RBI’s latest update implies Tata Sons will still need to list after July 1.

The latest pushback comes from Noel Tata, chair of Tata Trusts which owns 66% of Tata Sons. He's written to the RBI saying a listing would shift the holding company’s priorities from long-term institution-building to catering to shorter-term market expectations, Moneycontrol reported on June 1, citing people familiar with the matter.

That's a real risk; Tata's big bet on building an indigenous chip industry may not have materialised if Tata Sons was a public company. What's more, a Tata Sons IPO would not significantly increase transparency. Most of its large investments already trade as public companies, including $85 billion Tata Consultancy Services TCS.NS, $38 billion Titan TITN.NS and $15 billion Tata Motors TAMO.NS.

But a forced IPO would crystallise a huge conglomerate discount. For investors, owning a holding company is usually less attractive than buying listed subsidiaries that provide direct exposure to a desired industry. In Asia, these discounts can be as high as 50%: Tata Sons held assets worth an estimated 1.75 trillion rupees ($18.42 billion) as of March 2025.

To be sure, Tata Sons has its problems. Minority shareholder Shapoorji Pallonji Group wants liquidity for its 18% stake and skirmishes among Tata Sons board members have intensified since the death of Ratan Tata, the group's chair emeritus. The RBI diktat is making matters worse.

New Delhi may also stand to lose from broadening out Tata Sons' shareholder base. The group's 2022 purchase of Air India, the bleeding national carrier that has lurched from crisis to crisis, would have been hard to justify to external investors. On balance, an IPO would enforce rules to the letter but achieve little else.

Follow Shritama Bose on LinkedIn and X.

CONTEXT NEWS

Tata Trusts Chair Noel Tata has written to the Reserve Bank of India opposing any potential listing of Tata Sons, news website Moneycontrol reported on June 1, citing unnamed people directly aware of the matter. He argued that going public could alter the long-term character of the Tata group’s holding company and disrupt the philanthropic objectives of the Trusts, the report added.

The RBI on April 29 expanded the definition of 'public funds' in its regulations for non-banking financial companies. The updated rules state that investment companies that have access to public funds indirectly through group entities or associates will not be exempted from the requirement to go public if they hold assets worth at least 1 trillion rupees ($10.5 billion).

The rules will come into effect on July 1.

(Editing by Una Galani; Production by Ujjaini Dutta)

((For previous columns by the author, Reuters customers can click on BOSE/[email protected]))

By Rajendra Jadhav and Nimesh Vora

MUMBAI, May 11 (Reuters) - Shares of Indian jewellery retailers tumbled on Monday after Prime Minister Narendra Modi urged people to refrain from buying gold for a year to protect foreign exchange reserves, stoking fears that tariff hikes to curb imports of the metal may be in the offing.

The Iran war has sent oil prices surging and that in turn has resulted in mounting pressure on India's balance of payments and the rupee. India is the world's third-largest oil importer and consumer, meeting more than 90% of its crude oil needs and about half of its natural gas demand through imports.

Modi's remarks about gold on Sunday came in tandem with a range of other measures urged, including fuel conservation, increasing working from home and limits on travel and imports.

Gold is in high demand in India, particularly for weddings with gold jewellery seen as a crucial part of a bride's attire and a popular gift from family and friends. While it is the world's second-largest gold consumer, India relies on imports to meet nearly all of its demand.

Shares of jewellery makers such as Titan TITN.NS, Senco Gold SENC.NS and Kalyan Jewellers KALN.NS fell between 6% and 8% on Monday.

"There are concerns that the government might sharply increase import duty on gold for a year to discourage imports," said Surendra Mehta, national secretary at the India Bullion and Jewellers Association. "Duties could be raised even higher than levels seen in recent years."

In 2012 and 2013, New Delhi hiked tariffs on gold imports to stabilise a rapidly depreciating rupee. Now, jewellers fear that duty cuts made in 2024 to 6% from 15% to curb smuggling could soon be reversed.

A government source said on Monday, however, that the India has no plans raise duties on gold and silver imports.

India's balance of payments is expected to deteriorate sharply this fiscal year to a deficit of about $66 billion to $70 billion, compared with an estimated $26 billion to $28 billion in 2025-26.

Pressure on the rupee has prompted the central bank to sell the dollar and limit the size of trading positions that banks can take. It has also clamped down on arbitrage trades.

(Reporting by Rajendra Jadhav and Nimesh Vora; Editing by Mayank Bhardwaj and Edwina Gibbs)

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May 8 (Reuters) - Titan Company Ltd TITN.NS:

• Q4 CONSOL NET PROFIT 11.79 BILLION RUPEES; IBES EST. 13.92 BILLION RUPEES

• Q4 CONSOL SALE OF PRODUCTS 206.07 BILLION RUPEES

• DIVIDEND OF 15 RUPEES PER SHARE

• Q4FY26 CONSOLIDATED TOTAL INCOME APPROX 203 BILLION RUPEES, UP 46%

• RECOMMENDS DIVIDEND OF 15 RUPEES PER EQUITY SHARE

Further company coverage: TITN.NS

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** Shares of Indian jeweller Titan TITN.NS down 0.5% to 4471 rupees

** Co posted a 42% rise in domestic sales for the fourth quarter

UNDERLYING BUSINESS MOMENTUM STRONG

** Brokerage Nomura says another quarter of strong performance, like-for-like sales growth was healthy

** We maintain Titan as one of our top picks- Nomura

** We see Titan as a key beneficiary of the rising affluent and elite income population in India- Nomura

** Brokerage BofA says Q4 update solid, underlying business momentum strong

** Brokerage Macquarie says jewellery segment "surprises positively"

** TITN rated "buy" on avg by 35 analysts covering it; median PT at 4917 rupees- data compiled by LSEG

** YTD, TITN up 10.5%

(Reporting by Komal Salecha in Bengaluru)

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** Shares of Indian jeweller Titan Company TITN.NS rise as much as 5.72% to a record high of 4,472.5 rupees

** Company posts a 42% rise in domestic sales for the fourth quarter

** Broader Asian markets climb after U.S. President Donald Trump agreed to a two-week ceasefire with Iran

** Benchmark Nifty 50 index .NSEI up 3.27%

** TITN rated "buy" on avg by 35 analysts covering it; median PT at 4,917 rupees, according to data compiled by LSEG

** YTD, TITN stock up 7.4% vs NSEI's 8.7% fall

(Reporting by Komal Salecha in Bengaluru)

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** Shares of Titan TITN.NS rise as much as 3.42% to 3,985 rupees

** CLSA maintains "Outperform" rating while raising PT to street high of 4,996 rupees from 4,684 rupees - data compiled by LSEG

** Indian jeweller expected to post 43% y/y consol sales growth in 4QFY26, driven by ~58% jewellery growth and supported by an 82% y/y rise in gold prices on avg during the quarter

** Jewellery growth should remain strong despite fewer wedding days, though EBIT margins may soften to ~10.4% as Titan offers discounts to spur demand

** CLSA notes slightly lower q/q jewellery margins due to higher gold prices and discounting, but sees robust underlying demand

** YTD, TITN down

(Reporting by Urvi Dugar in Bengaluru)

(([email protected];))

** Shares of India's Titan TITN.NS up 2% at 4,346 rupees in early trade

** The jeweller-to-watchmaker reported a 61% jump in third-quarter profit

** Co's Q3FY26 stellar earnings beat expectations by wide margin - UBS ("buy", TP 5000 rupees)

** Strong broad-based beat on elevated expectations, await mgmt commentary on sustainability of growth - Goldman Sachs

** Buyer growth was flattish as higher gold prices hit entry-level range, but that hit was offset by higher average selling prices - Nomura ("buy"; TP 4500 rupees)

** Demand scenario clarity post recent volatility in gold prices, jewellery margin outlook are key monitorables - Macquarie ("outperform", TP 4450 rupees)

** TITN, on an avg, rated "buy"; median TP 4500 rupees - data compiled by LSEG

** YTD stock up 7%

(Reporting by Hritam Mukherjee in Bengaluru)

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Recasts with more details, Adds MD comment in paragraph 8

Feb 10 (Reuters) - Indian jeweller and watchmaker Titan TITN.NS reported a 61% jump in third-quarter profit on Tuesday, buoyed by higher average selling prices for gold jewellery and strong demand during the festive season.

Titan, known for its Tanishq and CaratLane jewellery brands, said profit rose to 16.84 billion rupees ($186.04 million) for the quarter ended December 31, from 10.47 billion rupees a year ago.

India's festive season usually runs from October to December and is considered an auspicious time for big-ticket purchases such as jewellery.

Spot gold prices XAU= rose nearly 12% during the quarter, closing a calendar year in which the precious metal clocked its steepest rise since 1979, driven by geopolitical uncertainties, rate cuts and robust central bank buying.

Titan's mainstay jewellery business, which accounts for over 90% of its revenue, grew 41% year-on-year during the quarter, the company said in a business update in January. That helped total revenue from the sale of products rise nearly 42% to 249.15 billion rupees.

The company's net profit margin improved to 6.63% from 5.9% a year earlier.

Revenue from Titan's watches business, its second-largest division, grew 14%, aided by sustained demand for premium timepieces.

"The festive period spurred broad-based consumer interest across our portfolios, underscoring resilience in premium and accessible segments alike," Managing Director Ajoy Chawla said in a statement.

Shares of the company closed nearly 1% higher ahead of the results.

($1 = 90.5180 Indian rupees)

(Reporting by Komal Salecha in Bengaluru; Editing by Eileen Soreng, Mrigank Dhaniwala and Sonia Cheema)

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By Rajendra Jadhav

MUMBAI, Jan 21 (Reuters) - Gold premiums in India surged past $100 an ounce on Wednesday for the first time in more than a decade, with silver premiums at a record high, as traders priced in possible curbs on precious metals imports to shore up the rupee.

Bullion dealers charged a premium of up to $112 per ounce over official domestic gold prices – inclusive of 6% import and 3% sales levies – the highest since May 2014. Last week, dealers offered a discount of up to $12.

Silver premiums surged to $8 per ounce, surpassing the previous peak of $5 scaled in October.

India is the world's second-largest consumer of gold and the largest consumer of silver. The rupee slipped to a record low of 91.7425 against the U.S. dollar on Wednesday.

"People are speculating that the government may raise import duties on gold and silver to curb imports in the budget," said Chanda Venkatesh, managing director of Hyderabad-based bullion merchant CapsGold.

"Anticipating the hike, traders are charging premiums over record prices."

Finance Minister Nirmala Sitharaman is set to present the Union Budget for 2026/27 on February 1. She had slashed import duties on gold and silver to 6% from 15% in July 2024 to curb smuggling.

India meets most of its gold and silver demand through imports, which have surged in recent months, widening the trade deficit and putting pressure on the rupee INR=.

Local gold prices MAUc1 soared to an all-time high of 158,339 rupees per 10 grams, while silver MSVc1 surged to a record 335,521 rupees per kilogram. GOL/

"Traders with short positions were squeezed as prices rose, forcing them to buy to close their positions," said Prithviraj Kothari, president, India Bullion and Jewellers Association (IBJA).

While jewellery demand is down, investment in coins, bars, and exchange-traded funds has surged, Kothari said.

"Supply hasn't kept up. This shortage is causing sellers to charge higher premiums," said Chirag Thakkar, chief executive of Amrapali Group Gujarat, a leading importer.

The industry is concerned that the government may take steps to restrict bank funding currently used by jewellers for gold and silver imports, a move that is also lifting premiums on both metals, said Surendra Mehta, secretary, IBJA.

India's Ministry of Commerce and Industry did not immediately respond to a Reuters request for comment.

(Reporting by Rajendra Jadhav; Additional reporting by Aftab Ahmed; Editing by Harikrishnan Nair)

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Jan 20 (Reuters) - Indian jewellery retailer Tribhovandas Bhimji Zaveri TBZL.NS reported a 170% surge in third-quarter profit on Tuesday, buoyed by strong festive demand and higher store footfalls during the peak wedding season.

The company's net profit rose to 806.3 million rupees ($8.86 million) in the October-December quarter from 298.8 million rupees a year earlier.

Quarterly revenue rose 14.4% to 10.61 billion rupees.

The December quarter typically accounts for about a third of gold sales in the world's second-largest gold consumer, as it not only comprises festival days that are considered auspicious for gold purchases but it also coincides with the start of the wedding season.

Climbing gold prices also meant customers turned to the bullion for investment.

Spot gold prices XAU= rose nearly 12% during the quarter, driven by geopolitical uncertainties, rate cuts and robust central bank buying.

The sector has benefited from higher disposable incomes, supported by fiscal measures such as the goods and service (GST) tax cuts and income tax relief, which have left consumers with more spending power on discretionary purchases such as gold.

Peers such as Titan TITN.NS, Kalyan Jewellers KALN.NS and Senco Gold SENC.NS have reported robust quarterly sales growth, underlining broad-based sector strength.

OCT-DEC STOCK PERFORMANCE COMPARISON FOR PEERS

-- All data from LSEG

($1 = 90.9640 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru; Editing by Janane Venkatraman)

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** Titan Company TITN.NS gains 4.4% for the week, the most since May 2025

** Stock is top percentage gainer on the benchmark Nifty 50 index .NSEI, which is down 2% for the week

** Stock set for fifth straight week of gains

** On the day, TITN down 0.36% to 4,233 rupees

** Earlier this week, co reported 40% y/y jump in Q3 overall sales; rev of biggest segment, jewellery, up 41%

** Centrum Broking says co's Q3 update "largely positive"

** TITN rated "buy" on avg by 33 analysts covering it; median PT at 4,346 rupees - data compiled by LSEG

** In 2025, TITN gained ~25% vs Nifty 50's ~11% rise

(Reporting by Komal Salecha)

(([email protected];))

** Titan Company TITN.NS rises as much as 4.2% to record high of 4,283.9 rupees

** Co reports 40% y/y jump in Q3 overall sales; rev of biggest segment, jewellery, up 41%

** Centrum Broking says co's Q3 update "largely positive"

** Adds jewellery business on strong footing, driven by gold price inflation, strong festive and wedding demand, exchange schemes, consumer preference for jewellery, bullion

** Expects earnings upgrades; maintains "Buy"

** CLSA says co's consumer business growth of 40% beats its expectation of 20.6%

** Nomura says co's promotional initiatives amid high gold prices should support sales, but may pressure margins

** Adds strong sales beat may offset this impact

** Stock rated "buy" on avg; median PT is 4,300 rupees, per data compiled by LSEG

** TITN last up 3.7%; gained 24.5% in 2025

(Reporting by Meenakshi Maidas in Bengaluru)

(([email protected];))

Adds background in paragraph 3, details from business update in paragraphs 5,6

Jan 6 (Reuters) - India's Titan Company TITN.NS on Tuesday posted a 40% jump in overall sales for the third quarter, driven by a higher average selling price for its gold jewellery and festive season demand.

The company is best known for its eponymous watch brand and the Tanishq network of jewellery stores.

India's festive season usually takes place during the October-December quarter and is seen as an auspicious time for large-ticket purchases such as jewellery.

Titan's jewellery business, which accounts for nearly 88% of its revenue, grew 41% year-on-year in the quarter ended December 31.

Spot gold prices XAU= rose nearly 12% during the quarter, to close out a calendar year in which the precious metal clocked its steepest rise since 1979, driven by geopolitical uncertainties, rate cuts and robust central bank buying.

The increase in average selling price offset flattish growth in the number of customers, Titan said.

Sales of watches, Titan's second-largest business, grew 13% due to demand for premium products. Eyewear sales, too, climbed 16% during the quarter.

(Reporting by Komal Salecha and Nandan Mandayam in Bengaluru; Editing by Sahal Muhammed)

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** Shares of Titan Company TITN.NS rise as much as 1% to record high of 4,031.70 rupees

** Jeweller and watchmaker launched "beYon – from the house of Titan" on Friday, marking its entry into lab grown diamonds

** Co launches the brand's first retail store in Mumbai on Monday with 2 more stores planned in near term

** ICICI Securities says TITN's strong retail and distribution network will position it well for faster scale-up

** Management has grown more receptive to segment over the past year, a positive shift given its strong brand portfolio, including CaratLane, Zoya and Mia - Morgan Stanley

** Citi expects lab grown diamonds retail to stay highly competitive with uncertain profitability, making store expansion cautious and long-term growth unclear

** YTD, TITN up ~24%

(Reporting by Urvi Dugar in Bengaluru)

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Dec 26 (Reuters) - Titan Company Ltd TITN.NS:

• TO LAUNCH FIRST LAB GROWN DIAMOND STORE IN MUMBAI

Source text: ID:nBSE20FWFP

Further company coverage: TITN.NS

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Nov 3 (Reuters) - Titan Company Ltd TITN.NS:

• Q2 CONSOL NET PROFIT 11.20 BILLION RUPEES; IBES EST. 10.28 BILLION RUPEES

• Q2 CONSOL SALE OF PRODUCTS 164.61 BILLION RUPEES

• APPOINTS AJOY CHAWLA AS MANAGING DIRECTOR FROM JAN 2026

Source text: [ID:]

Further company coverage: TITN.NS

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** Shares of jeweller Titan Company TITN.NS rise 3.6% to 3,536 rupees; Nifty 50 .NSEI marginally down

** Co posted 18% rise in Q2 domestic sales

** Rev growth "significantly" ahead of estimates - Investec

** Early festive season, attractive offers drove healthy growth - J.P.Morgan

** Brokerages expect margins to stay under pressured on high marketing spends

** CLSA remains "positive" on TITN over medium term

** Stock rated "buy" on avg by 35 analysts covering it; median PT at 3,965 rupees - data compiled by LSEG

** YTD, TITN up nearly 9% vs Nifty 50's 6.2% rise

(Reporting by Komal Salecha)

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