Titan Q3 results: Revenue and net profit likely to see double-digit growth despite higher gold prices; check key technical levels

Titan will announce its December quarter results on February 10, 2026. The company is expected to report strong quarterly numbers despite a record surge in gold prices. Revenue and net profit could see double-digit growth.

According to the company's quarterly business update, Titan expects jewellery segment revenue to grow 41% YoY, driven by a higher average selling price amid a surge in gold prices, while offsetting the flattish buyer growth. Festive and wedding season is expected to boost jewellery business revenue.

Meanwhile, the company’s other businesses, like watches and eyecare, are expected to report 13% and 16% YoY growth, respectively. The Tata Group company opened 56 new stores across its different verticals during the quarter, taking its total store count to 3,433.

According to experts, Titan’s standalone Q3 revenue may increase by 32 to 34% YoY to ₹21,350 to ₹21,570 crore. Net profit could rise 35 to 40% YoY to ₹1,325 to ₹1,390 crore.

Titan reported revenue of ₹16,097 crore in Q3FY25 and ₹16,534 crore in the previous quarter. Meanwhile, its net profit stood at ₹990 crore in a year ago period and ₹1,006 crore in Q2FY26.

During the quarterly result announcement, investors will watch management commentary on the demand outlook amid a substantial rise in gold prices to record high levels. Key metrics like same-store sales growth (SSSG), along with revenue growth and margins of different segments, will also be closely tracked.

Ahead of the Q3 result announcement, Titan shares are trading 0.6% higher at ₹4,286 apiece at 12:05 pm on NSE. So far this year, Titan has delivered over 5% return to its shareholders.

Technical outlook

Titan's shares have recently recovered significantly from the lower end of the range of ₹3,850 to ₹4,320. Since the rebound, the stock is trading above its 200-day exponential moving average (EMA), indicating that the medium-term structure remains bullish. Additionally, the stock is also trading above its 21-day and 50-day EMAs, signaling that the short-term momentum of Titan remains positive.

On the upside, the immediate resistance zone is ₹4,300–₹4,320. A decisive close above this zone will open the doors for further upside momentum. On the downside, immediate support is around ₹4,050–₹4,000, aligning with the short-term moving averages. As long as Titan remains above this zone, the trend may remain bullish.

Options outlook

Titan's 24 February expiry has an at-the-money (ATM) strike at 4,260 as of 9 February, and the call and put options are trading at ₹225. By expiry, this pricing reflects an implied move of about ±5.3%. Let's look at Titan's stock performance over the last ten quarters around earnings announcements to see anticipated move.

Options strategy for Titan

Titan is expected to move ±5.3%, according to the options market. Traders who want to capitalise from this expected volatility may consider long or short volatility strategies, straddles are a common option in this case.

A long straddle involves buying an at-the-money call option and an at-the-money put option with the same strike price and expiry date. This strategy is profitable if the stock price moves by more than ±5.3%.

In contrast, a short straddle involves selling both at-the-money call and put options. This approach is profitable when the stock price remains within the implied range after earnings are announced, due to time decay and a drop in implied volatility.

Disclaimer:

Derivatives trading must be done only by traders who fully understand the risks associated with them and strictly apply risk mechanisms like stop-losses. The information is only for educational purposes. We do not recommend any particular stock, securities and strategies for trading. The stock names mentioned in this article are purely for showing how to do analysis. Take your own decision before investing.