# Titan shares hit record high on strong Q1 results 2026-08-10T11:53:23+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Titan shares jumped 4% to a fresh all-time high of Rs 5,122 on Monday, 10 August, after the Tata Group firm reported a 63% year-on-year jump in consolidated net profit to Rs 1,777 crore for the June quarter. Revenue rose 40% to Rs 20,787 crore, driven by 43% growth in its jewellery segment, which accounts for over 80% of revenue. The watches and eyewear businesses also posted strong gains. Several brokerages raised target prices. Motilal Oswal reiterated a 'Buy' with a target of Rs 6,000, while Citi raised its target to Rs 5,700, according to an Economic Times report cited by Livemint. However, Nuvama downgraded the stock to 'Hold' with a target of Rs 5,241, citing risks from the 10% customs duty on gold. The broader market was flat, with the Nifty 50 up 0.02%, as geopolitical tensions and a sharp fall in SBI shares offset gains in Titan and other stocks. ## Coverage - livemint.com - thehindubusinessline.com Tags: brokerage ratings, gold jewellery, Q1 results, stock market, Titan Company Canonical: https://indianopinion.org/titan-shares-hit-new-high-after-q1-profit-jumps-63-per-cent/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/titan-shares-hit-new-high-after-q1-profit-jumps-63-per-cent/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.