Titan Shares Surge Over 3% after Macquarie Maintained 'Outperform' on Stock

Titan shares experienced bullish momentum on Wednesday with the company stock surging over 3% on the bourses. The heightened investor interest came after global brokerage firm Macquarie maintained its 'Outperform' rating on Titan shares, citing robust recovery in demand levels to boost jewellery sales in Q1FY26.

At 12:55 pm, Titan shares were trading at ₹3,652.30 price level, up by 3.58% on the National Stock Exchange.

Macquarie has maintained its ‘Outperform’ rating on the stock, alongside a target price of ₹4,150, indicating a double-digit rise of 18% from current price levels. The global brokerage firm is expecting a 21% growth in jewellery sales and earnings before interest and taxes (EBIT) in Q1.

Macquarie also said that the EBIT margins have likely bottomed out in the previous fiscal year and should take an improving trajectory in the coming quarters. Over the last 1 month period, Titan shares have remained largely flat, albeit in the green territory, indicating a surge of 1.22% on the NSE.

A potential downside that might arise for Titan is a prospective slowdown in lab-grown diamond adoption if the Gemological Institute of America (GIA) implements the recent certification changes. But this might help Titan as the demand for mined diamonds has shown signs of recovery.

Titan Q4FY25 Financials

In Q4FY25, Titan reported a 13% surge in consolidated net profit levels, which stood at ₹871 crore as against ₹771 crore recorded in the corresponding quarter of the previous fiscal.

However, net profit margins dropped by 53 basis points (bps) to 6.2% during the same period.

So far this year, the Tata group-owned firm has witnessed a sharp price surge of 12.20% on the NSE. On an annual basis, Titan shares have experienced a surge of 7.57%.