Titan Shares Slip 2% Even as UBS Maintains Buy Rating with ₹5,300 Target

Titan Shares Slip 2% Even as UBS Maintains Buy Rating with ₹5,300 Target​

Shares of Titan Company Ltd., part of the Tata Group, were trading lower on Thursday, March 12, even as global brokerage UBS reiterated a positive outlook on the stock.

The stock declined about 2% during the session, extending a mixed trading pattern in recent days. Titan has gained in only two of the last seven trading sessions.

UBS Maintains Buy Rating on Titan​

UBS has maintained a Buy rating on Titan Company with a price target of ₹5,300 per share. The target suggests a potential upside of about 28% from Wednesday’s closing level.

According to the brokerage, recent store checks indicate that Titan’s growth momentum has remained intact. However, UBS cautioned that disruptions in the Middle East could weigh on the company’s international growth in the near term.

Titan Seen as Long-Term Growth Story​

UBS believes Titan continues to represent a significant long-term growth opportunity within India’s consumer sector.

The brokerage noted that the company remains midway through its broader growth journey. Titan’s stock has risen about 22% since October after staying largely flat for the previous two years.

UBS added that Titan’s consistent operating performance and strong margin delivery have helped the company move beyond earlier concerns related to gold price volatility and rising competition.

Organized Jewellery Shift Supporting Growth​

The brokerage also highlighted Titan’s strong positioning in India’s evolving jewellery market.

According to UBS, Titan is a major beneficiary of the long-term shift from the unorganized to the organized jewellery sector in India. This structural change could support a revenue growth trajectory of 15% to 20% over the next several years.

Lab-Grown Diamond Strategy and International Expansion​

UBS also pointed to Titan’s entry into the lab-grown diamond segment through its Beyon brand as a strategic move. The initiative allows the company to shape the value proposition in the studded jewellery category while addressing potential long-term risks in the segment.

Additionally, Titan’s international jewellery brand Damas could emerge as another driver of growth and value creation in the coming years, provided geopolitical conditions stabilise.

Titan Share Price​

Shares of Titan Company were trading at ₹4,057.30 on Thursday, down about 2%. The stock has remained largely flat so far this year.