Titan Shares up 5% on Strong Q4 Results — Should Investors Buy, Hold or Sell?

Titan shares surged by 5% to ₹3,515.75 on the BSE in the intraday today after the company reported strong Q4 results. The stock trades at its highest since February 2, 2025.

Q4FY25 results

Titan Company reported strong quarterly earnings. Net profit surged by 12.9% YoY at ₹871 crore in Q4FY25, compared to ₹771 crore in the corresponding period a year ago. Consolidated revenue (excluding bullion sales) soared 24% YoY to ₹13,897 crore. The surge in revenue can be attributed to 25% growth in standalone jewellery business, 23% growth in the Caratlane business and 20% growth in the watches and wearable business. Earnings before interest, taxes, depreciation, and amortization (EBIDTA) margins soared 77 bps YoY to 10.3%, against analyst’s expectations between 9.5-9.9%.

What did management say?

Despite an increase in the price of yellow metal, the studded and gold coin segments saw buyer’s interest. However, elevated prices may impact the purchasing power of consumers in the near-term.

The management said, “As we look forward to FY26, all businesses of Titan Company are focusing on market share expansion in their respective categories and catering to the changing needs of our consumers.”

What did brokerages say?

ICICI Securities

Titan reported a strong quarter despite a surge in the price of the yellow metal, while marginal improvement was also seen in domestic jewellery and Caratlane business in Q4FY25.

Though gold prices remain elevated, management has maintained its guidance of 15-20% growth in the jewellery business in the near term. This momentum will be driven by higher demand to value offerings (light weight gold jewellery or lower carat jewellery) in its product portfolio in the inflated gold price scenario. On the other hand, correction or stability in the gold prices will lead to increase in footfalls and higher volume growth. Jewellery business EBIT margins are set to remain between 11-11.5%.

Motilala Oswal Financial Services

As the jewelry industry is witnessing rapid formalisation, analysts at Motilal Oswal Financial Services are of the opinion that Titan will keep leveraging the same on the back of new store additions, better designs, customer understanding, and a strong recall of trust. The brokerage gave a ‘Buy’ rating on the stock by setting a target price of ₹4,000 apiece.