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Titan on the cusp of a major rebound; UBS raises target by 31%UBS expects a major rebound in Titan's earnings, underpinned by its strong brand equity, deep consumer trust, and a manageable threat from lab-grown diamonds.By Meghna Sen   October 23, 2025, 8:13:31 AM IST (Published)2 Min ReadChoose  CNBC TV18 on Google

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Swiss investment bank UBS has upgraded Titan Company Ltd., part of the Tata Group, to a 'Buy' rating from 'Neutral', calling it a structural winner in the consumer discretionary space.

The brokerage has also raised its price target on the stock by 31% to ₹4,700 from ₹3,600 earlier. The revised target implies a potential upside of about 26% from Monday's closing levels.

UBS expects a major rebound in Titan's earnings, underpinned by its strong brand equity, deep consumer trust, and a manageable threat from lab-grown diamonds.

The brokerage forecasts earnings growth of 46% in FY26 and 21% in FY27, driven by robust momentum across businesses.

Titan's Q2 update

The company's domestic jewellery division posted 19% year-on-year growth, largely driven by higher average ticket sizes amid surging gold prices, even though buyer counts declined marginally.

Within jewellery, studded designs grew in the mid-teens, outpacing plain gold jewellery, while gold coins continued their strong run.

Performance across other segments was equally encouraging. The watches business grew 12% year-on-year, while EyeCare rose 9%. CaratLane maintained its momentum with a 30% growth, and international operations surged 86%, led by a twofold increase in the US market.

Among emerging businesses, growth stood at 37%, driven by a 48% rise in fragrances, a 90% jump in women’s bags, and a 13% growth in Taneira.

In Tuesday's special Muhurat trading session, Titan shares closed 0.23% lower at ₹3,728.95. The stock, however, has gained 8.4% over the past month and is up nearly 15% year-to-date.Continue ReadingNote To ReadersDisclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!Tagsshare market todayTitanTitan CoTitan CompanyTitan share price