Titan’s Bold Q4 Move: Surging Profits Despite Gold Chaos

Titan Stock Soars 5% After Q4 Surprise! Should You Buy, Hold or Sell Now?

Jewellery giant Titan stuns markets with stronger-than-expected profits—even with gold prices sky-high. Experts weigh in: Is this the perfect time to invest?

 Titan Share Price Jumps After Q4 Results

Shares of Titan Company Ltd surged by 5% to ₹3,515.75 on Friday after the company posted a surprise profit jump in the March quarter (Q4FY25). The rally came despite record-high gold prices that typically weigh down jewellery margins.

•  Stock Level: Highest since Feb 2, 2025

•  Sensex at the time: Down 0.5% to 79,947

 Titan Q4FY25 Results: A Golden Beat

Titan reported a 12.9% YoY rise in net profit to ₹871 crore, beating analyst estimates of ₹830 crore. Revenue (excluding bullion) rose 24% YoY to ₹13,897 crore.

Key Segment Growth:

•  Jewellery: +25%

•  Watches & Wearables: +20%

•  CaratLane: +23%

Margin Highlights:

•  Gross Margins: 22.8% (up 50 bps YoY)

•  EBITDA Margins: 10.3% (up 77 bps YoY, beat estimates of 9.5–9.9%)

 Management Speaks: We’re Ready for FY26 Growth

Titan management said growth came even as gold prices soared, thanks to a focus on value-driven, lighter jewellery. EyeCare returned to double-digit growth in Q3 and Q4, and solitaires made a comeback, though at lower carat weights.

“All businesses are focusing on market share expansion in FY26,” Titan said.

 Expert Views: Is Titan Still a Buy

 ICICI Securities: BUY

“Titan’s strong jewellery growth despite high gold prices is impressive. We expect 15–20% jewellery growth to continue. EBIT margins to stay at 11–11.5%.”

 Motilal Oswal: BUY, Target ₹4,000

“Titan’s Q4 margin beat gives confidence. Strong brand, store expansion, and youth focus give it an edge. Titan remains a top pick in the retail space.”

 Titan at a Glance

Founded in 1987 by the Tata Group and TIDCO, Titan started with watches and now spans:

•  Jewellery (Tanishq)

•  Eyewear

•  Fragrances (Skinn)

•  Bags (IRTH)

•  Ethnic wear (Taneira)

 Buy, Hold or Sell

With strong Q4 numbers, promising margin guidance, and bullish views from top brokerages, Titan looks well-positioned for long-term gains. However, high gold prices remain a risk in the short term.