Earnings Expectations
Analysts forecast standalone Q3 revenue growth of 32-34% YoY to ₹21,350-₹21,570 crore, up from ₹16,097 crore last year. Net profit is projected to rise 35-40% YoY to ₹1,325-₹1,390 crore, compared to ₹990 crore in Q3 FY25. Jewellery segment revenue is expected to surge 41% YoY due to higher average selling prices from gold price hikes, with flat buyer growth offset by festive and wedding demand.
Business Segments
Watches and eyecare segments anticipate 13% and 16% YoY growth, respectively. Titan opened 56 new stores, reaching a total of 3,433 across verticals. Investors will focus on management updates for demand outlook, same-store sales growth, and segment margins amid record gold prices.
Stock Performance
Titan shares rose over 3% to ₹4,267 on February 9, delivering 5% YTD returns. The stock trades above key EMAs (21-day, 50-day, 200-day), signaling bullish momentum. Resistance is at ₹4,300-₹4,320; support at ₹4,050-₹4,000.
Options Insight
The 24 February expiry ATM strike at ₹4,260 implies a ±5.3% post-earnings move. Strategies like long/short straddles are suggested for volatility plays, but with risk warnings.
