Titan adds 78 stores in Q2: Nomura keeps INR 5,425 target for Titan Company stock

Published on 10/19/2026 at 09:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Domestic operations grew 22 percent in Q2, while international business rose 97 percent. The 3,758-store network gives Titan Company stock a wider retail base.

Q2 expansion and analyst target

On October 7, 2026, Titan's consumer businesses grew 25 percent year on year in Q2 FY27.
The quarter ended with 3,758 outlets after 78 net additions.
Titan Company stock traded at INR 4,419.00 at 1:15 p.m. IST on October 19, 2026.
Nomura retained its INR 5,425 target on October 7, 2026.
Titan's market capitalization stood at INR 3.9 trillion on October 19, 2026.

Titan, INE280A01028, Illustration mit AI erstellt.

Titan Company (ISIN INE280A01028) added 78 net stores in the second quarter of fiscal 2027, taking its consumer network to 3,758 outlets as of September 2026, The Economic Times reported on October 7, 2026. Nomura retained its INR 5,425 target for Titan on the same date, according to The Economic Times.

Growth widens the retail network

The company said consumer businesses grew 25 percent year on year in Q2 FY27. Domestic operations increased 22 percent, while international operations rose 97 percent, giving the update a clear geographic split.

Jewellery remained the largest contributor, with the network reaching 1,269 stores after 42 additions. CaratLane grew 32 percent, while the watches business increased 30 percent and EyeCare rose 28 percent during the quarter, according to The Economic Times.

What does the target imply?

Nomura's INR 5,425 target sits above the latest NSE quote, but the brokerage also identified elevated gold prices and competition as risks to growth. Its view therefore combines continued expansion with a higher comparison base in jewellery sales.

Three dated company milestones

On March 31, 2026, Titan reported revenue of INR 20,607.00 million and net income of INR 1,179.00 million for fiscal 2026 in the financial history published by StockFin.ai. On June 30, 2026, fiscal 2027 first-quarter revenue was INR 21,356.00 million and net income was INR 1,777.00 million. On October 7, 2026, the Q2 update showed 25 percent consumer-business growth and 78 net store additions.

Dates framing the update

The Q2 period ended September 30, 2026, while the company update and Nomura assessment were dated October 7, 2026. These dates place the expansion figures ahead of the next reported financial period.

Stock valuation and trading

Titan Company stock was last quoted at INR 4,419.00 on the NSE at 1:15 p.m. IST on October 19, 2026. The price stood 14.80 percent below the INR 5,186.70 52-week high and within a range down to INR 3,667.30. Market capitalization was INR 3.9 trillion on the same date.