Titan among top NIFTY50 gainers as stock surge over 5% on gold prices rebound

Titan shares rose over 5% intraday and were among the top NIFTY50 gainers reacting to a surge in gold prices. As of 1:30 pm, Titan Company shares are trading 4.6% higher at around ₹4,080 apiece.

Titan, which operates lifestyle brands like Tanishq, Caratlane, Fasttrack and others, has seen volatile stock moves in recent months. The stock is down 5.8% so far in March 2026 compared to over 7% fall in the benchmark NIFTY50 index. However, Titan stock saw a strong surge of over 8.8% in February 2026, reacting to high gold prices in the global and domestic markets.

Today’s stock surge comes after international gold prices rose over 4%, supported by a drop in oil prices and a weaker US dollar. Gold had come under heavy selling pressure in the last few trading sessions as rising oil prices and bond yields fueled inflation fears and strengthened the dollar, triggering a broad selloff in precious metals.

A consistent rise in gold prices acts as a double-edged sword for Titan Company's business, driving higher revenue via increased ticket size while putting pressure on volume growth. The jewellery business is the primary revenue driver for the company, contributing over 85% of total revenue. In Q3FY26, Titan reported 60.84% year-on-year (YoY) increase in its consolidated net profit to ₹1,684 crore, while revenue rose 43.09% YoY to ₹25,567 crore. Jewellery segment revenue surged 42% YoY to ₹22,517 crore.

Global investment firm CLSA has recently given a positive outlook on Titan Company. CLSA expects Titan to deliver strong performance in the fourth quarter of FY26, with robust double-digit growth in revenue driven by the jewellery segment. However, there could be some pressure on margins due to discounts offered by the company to increase sales volume.

Disclaimer: This article is purely for informational purposes and should not be considered investment advice from Upstox. Please consult with a financial advisor before making any investment decisions.