Titan shares hit 52-week high on robust Q1 update; international business clocks 128% growth

Shares of Titan surged nearly 4% to hit its intraday and 52-week high of ₹4,655.90 on Tuesday’s market session, compared to ₹4,484.40 at the previous stock market close, according to NSE data.

The company released its Q1 business update after the market hours on July 6. At 10:12 am, Titan share price was trading 3% higher at ₹4,619 on July 7, as per the exchange data.

Experts predict that the company is set to gain from the healthy festive season demand in the first quarter results for the financial year ended 2025-26 amid easing headwinds from regulatory uncertainties.

Titan clocks 37% growth in domestic market?

In the latest business update, Titan highlighted that the company’s domestic business registered a 37% year-on-year (YoY) growth in the first quarter of the financial year ending 2026-27, compared with the same period last year.

On a segmental basis, Titan’s jewellery business recorded 39% YoY growth in the April to June quarter of FY27, from a year-ago level, with 39% growth in brands like Tanishq, Mia, Zoya, beYon, and 42% growth in CaratLane.

The company’s watches business recorded a 23% YoY growth, while the EyeCare business noted a 23% advancement in the first quarter.

Titan’s emerging businesses gained 19% in the April to June quarter of the current fiscal, compared to the same quarter of the previous fiscal year. In the first quarter, the company added 76 stores in the domestic market increasing the total number to 3,517 as of June 2026.

Robust international business growth

Titan’s international business registered 128% growth with a single store addition in the first quarter of the financial year ending 2026-27, bringing the total number of stores in the foreign market to 163.

While the company records strong growth in international business, Titan’s consumer businesses recorded a 41% growth in the April to June quarter of the current fiscal, according to the exchange filing.

What should investors expect in Q1 results?

Experts from Morgan Stanley predict that Titan is expected to record growth in the upcoming Q1 results as the company revenues will be supported by the festive season, Akshaya Tritiya demand and relatively stable prices of the precious metal gold in the market.

“Strong India jewellery growth momentum along with good buyer growth and mix, should support stock,” said Morgan Stanley analysts.

While analysts from Hong Kong-based HSBC said that Titan’s headwinds related to regulatory uncertainty are fading as the company navigates the import duty fluctuations and normalising gold import delays.

On the global front, experts from Japanese investment major Nomura predict that the international business is poised to witness strong continued growth in the upcoming earnings season.

“Jewellery business of Tanishq, Mia, CaratLane (combined) saw strong traction in North America and clocked encouraging double-digit growth in GCC. The volatile geopolitical situation notwithstanding, the core Damas business is witnessing a gradual recovery across key parameters,” the company said in its exchange filing.

How have Titan shares performed?

Titan shares have delivered more than 167% returns to investors in the last five years, 47% gains in the last three years, and 26% returns on their investment in the past one year period, according to NSE data.

On a year-to-date (YTD) basis, Titan shares have surged 14% in the current calendar year, and given around 8.5% returns in the last one month period, as per the exchange data. The company’s stock was trading nearly 5% higher over the last five market sessions on NSE.

The company’s market capitalisation (m-cap) was at over ₹4.10 lakh crore as of the trading session on Tuesday, July 7.