Titan slides 8% as Modi's gold-restraint appeal eclipses 35% Q4 profit jump
Titan fell to an intraday low of ₹4,150 from ₹4,509 after PM Modi urged citizens to pause non-essential gold buying for a year, overshadowing Q4FY26 net profit of ₹1,179 cr (+35% y-o-y) and 41% domestic jewellery EBIT growth. Brokerages stayed constructive with targets ₹4,800-5,400.
Titan shares fell 8% after PM Modi urged citizens to avoid non-essential gold buying for a year, overshadowing a strong Q4FY26 beat (net profit ₹1,179 cr, +35% y-o-y). Most brokerages stayed positive with targets ₹4,800-5,400.