Now Reading: Titan Q2 net profit jumps 113.7% to ₹2,393 crore
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Titan Q2 net profit jumps 113.7% to ₹2,393 crore
The Story in Brief
Titan Company’s consolidated net profit for the July-September quarter jumped 113.7% to ₹2,393 crore, helped by a ₹671 crore fair value gain on a put option liability. Revenue rose 10.1% to ₹20,614 crore, with jewellery portfolio growing 24% to ₹17,495 crore driven by the ‘Festival of Diamonds’ and brand promotions. Shares gained over 3% on Friday, 6 November.
Nomura maintained a ‘buy’ rating and raised its target price to ₹6,150, the highest on the street. Jefferies upgraded Titan to ‘buy’ with a ₹6,000 target, while Citi and UBS retained ‘buy’ ratings. Nuvama kept a ‘hold’ and raised its target to ₹5,479, and PL Capital issued an ‘accumulate’ with a revised target of ₹5,330. JPMorgan maintained ‘neutral’ with a ₹5,540 target, citing debate on topline sustainability in the second half.
Update, 6 November 2026: TradingView confirmed Titan’s Q2 net profit beat and jewellery margin strength. The platform’s alert adds a market data perspective to coverage from NDTV Profit, Business Standard and CNBC-TV18, all reporting the same quarterly figures and broker upgrades.
Indian Opinion Analysis
All four sources report Titan's Q2 net profit jump of 113.7% to ₹2,391 crore, revenue growth of 10.1% to ₹20,614 crore, and jewellery portfolio growth of 24%. The coverage across NDTV Profit, Business Standard, CNBC-TV18 and TradingView is uniform wire-style reporting with no discernible slant. Each outlet attributes the profit boost to a ₹671 crore fair value gain and presents brokerage views without favouring any rating. The stories lead with the share price rise and quarterly figures, omitting criticism or opposition commentary. The key item for investors is the mixed broker outlook: Nomura's ₹6,150 target is the highest on the street, while Nuvama and PL Capital remain cautious with 'hold' and 'accumulate' ratings respectively.
Coverage: 4 sources, 4 neutral
Sources (4): ndtvprofit.com (neutral report), business-standard.com (neutral report), cnbctv18.com (neutral report), tradingview.com (neutral report)
This brief was synthesised by AI from the 4 sources linked above, so one read covers every framing they carry. Methodology and corrections.
