Goldman Sachs Keeps Buy on Titan With Rs 5,400 Target on Jewellery Margin Upside
Brokerages turn constructive on consumer names: GS reiterates Buy on Titan (TP Rs 5,400) citing jewellery margin gains, while FMCG revenue acceleration is flagged for Tata Consumer, Nestle and Marico. Macquarie adds Lenskart and Phoenix Mills to its radar; ITC seen facing profit pressure from cigarette tax.
Brokerages issue retail-relevant views: GS keeps Buy on Titan (TP Rs 5400) citing jewellery margin upside; FMCG revenue acceleration led by Tata Consumer, Nestle, Marico; ITC profit decline on cigarette tax; Macquarie adds Lenskart, Phoenix Mills.
Why this matters
The Buy call follows Titan's recent expansion moves, including its lab-grown diamond brand 'beYon' launching in Mumbai on Dec 29 and premium Crown Collection smartwatches from Rs 9,995, reinforcing its consumer growth story.
Retail-brand signals steady with 2,187 signals over the past 90 days.