Morgan Stanley reiterates Overweight on Titan with Rs 5,182 TP, betting on 19% jewellery CAGR to FY30
Brokerages flag Titan as a top pick into June 8, citing jewellery market share expansion from 8.5% to 11%, half of revenue tied to gold exchange, and 100 new eye-care stores planned in FY27. Maruti also highlighted with retail share at 40% and wholesale volumes up 38% YoY.
What happened
Brokerages reiterate bullish calls on Titan (Morgan Stanley OW, Rs 5,182 TP) citing 19% jewellery growth through FY30, market share expansion to 11%, and 100
Key facts
- Titan TP Rs 5,182
- 19% jewellery CAGR through FY30
- market share 8.5% to 11%
- 50% revenue from gold exchange
- 100 new eye care stores in FY27
- Maruti retail share 40%
- Maruti volumes +38% wholesale/+22% retail YoY
Why this matters
Titan's category leadership and eye-care expansion signal opportunistic tuck-in targets in regional jewellery and optical chains to accelerate share gains beyond 11%.