Nomura keeps INR 5,425 target for Titan stock

Published on 10/20/2026 at 11:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Titan added 78 stores as consumer businesses grew 25 percent in the second quarter. Titan stock saw 21 percent jewellery growth and 3,758 total stores.

Quarterly growth and analyst view

Titan's consumer businesses grew 25 percent in the second quarter of fiscal 2027, according to the October 6, 2026 update.
The company added 78 stores and reached 3,758 outlets by September 2026.
Nomura retained its Buy rating and an INR 5,425 target on October 7, 2026.
Titan's market capitalization was INR 3.9 trillion on October 19, 2026.

Titan, INE280A01028, Illustration mit AI erstellt.

Titan Company (ISIN INE280A01028) reported 25 percent year-on-year growth across its consumer businesses in the second quarter of fiscal 2027. On October 7, 2026, Nomura retained its Buy rating and an INR 5,425 target, according to BusinessToday.

What did the second-quarter update show?

FinancialFilings published Titan's October 6, 2026 exchange filing, which showed 25 percent growth across consumer businesses. Jewellery rose 21 percent, watches grew 30 percent and EyeCare increased 28 percent during the quarter.

The update also showed 22 percent growth in domestic operations and 97 percent growth internationally. Titan added 78 net stores, taking its combined retail network to 3,758 locations as of September 2026.

Three dated Titan milestones

On June 30, 2026, Titan reported quarterly revenue of INR 213.56 billion and net income of INR 17.77 billion. On July 9, 2026, the company was listed with an INR 15.00 dividend per share in the events record of InCred Money. On October 6, 2026, Titan disclosed 25 percent consumer-business growth and 78 store additions.

What does the INR 5,425 target mean?

Nomura's October 7 assessment kept the Buy rating and INR 5,425 target unchanged. The brokerage highlighted Titan's growth visibility but also pointed to the high comparison base in jewellery and the risk that elevated gold prices could moderate demand growth.

NSE quote and valuation

Titan's last quoted NSE price was INR 4,424.20 on October 19, 2026 at 3:29 p.m. IST. Its market capitalization was INR 3.9 trillion, while the 52-week range stood at INR 3,667.30 to INR 5,186.70 on the same date.