Titan Co.'s High Visibility on Strong Growth Set to Persist -- Market Talk

Dow Jones06-08

0502 GMT - Titan Co.'s high visibility on strong growth is poised to persist, Nomura analysts say in a research report. At its investor day, management said it expects overall jewelry revenue CAGR of around 19% with an EBIT CAGR of roughly 18% over FY 2026-2030, the analysts note. The Indian lifestyle company is targeting 1,400 stores by FY 2030, and plans to renovate 60 Tanishq-brand stores each year. Nomura increases its FY 2027-FY 2029 sales forecasts for Titan by 1%-2%. It raises the stock's target price to 5,000.00 rupees from 4,950.00 rupees, with an unchanged buy rating. Shares are 0.9% lower at 4,220.15 rupees. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

June 08, 2026 01:02 ET (05:02 GMT)

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