Titan hits record high as Q1 shows 41% consumer growth; CLSA, HSBC, Nomura reiterate 'buy'
Titan's Q1 FY27 update delivered 41% YoY consumer growth, 37% domestic and 128% international, with jewellery (TMZ up 39%), watches (23%) and eyecare (23%) all strong. The chain added 77 stores to reach 3,680. Global brokerages raised targets — CLSA ₹5,249, Nomura ₹5,000 — sending the stock to a record ₹4,655.90.
Titan hit a record high after a strong Q1 FY27 update: 41% consumer growth, jewellery, watches and eyecare all robust, plus 77 new stores. CLSA, HSBC and Nomura reiterated bullish ratings with raised targets.