- Titan share price is under pressure despite posting revenue growth Q1 of fiscal 2026. But the company's fundamentals remain healthy.
Jewellery maker Titan’s share price tumbled on today, reacting to lower-than-expected Q1 performance. In a business update released on Tuesday, the company revealed that its consumer business grew by about 20% YoY in the first quarter of fiscal 2026, but its revenue grew by 18%, missing the forecast estimate of 22-25%.
Notably, sales of its core brands, including Mia , Zoya and Tanishq grew at a slower rate of 17%, falling short of Morgan Stanley’s forecast figure of a 28% growth. These were among a bag of mixed figures that sent the stock down by 5.2% to trade at ₹3,472 at the time of writing. Some investors have shifted focus to Titan’s rival, PC Jeweller, whose recently-announced returns were more impressive and have driven the share price to strong double-digit growth.
Titan Company (NSE: TITAN) attributed the results to gold price volatility in the quarter under review. The company said that a rapid rise in gold prices (which went up by about 15%) during the quarter triggered a shift to lower karat and lighter products, resulting in lower margins.
The drop sent the stock below its 5, 20 and 50-day MA levels, although it floats above the 100 and 200-day MAs. In addition, it has crossed below the Volume Weighted Moving Average (VWMA), which is at ₹3,565 on the daily time frame as of this writing, and the RSI is also downward-leaning at 39, affirming a likely near-term pressure.
Its Not All Gloomy for Titan
Despite the current downside to Titan share price, long-term investors might see this as a buying window, as its fundamentals remain largely healthy. The company expanded its retail outlets by 10 stores in the reported quarter, bringing the total to 3,222 and signaling confidence in market growth.
Besides, Titan showed an overall strong revenue growth, with emerging businesses like CaratLane growing by 30% Indian dress wear sales rising by 5% and international jewellery division growing by about 92%. Furthermore, it demonstrated efficient capital usage, with cash conversion cycle improving from 112 days to about 99 days.
Titan Share Price Prediction
The momentum on Titan share price calls for further downside below the pivot mark at ₹3,496. That will likely lead to the establishment of the first support at ₹3,444. That momentum could break below that level and go lower to test ₹3,400 if the sellers extend their control.
On the upside, breaking above ₹3,496 will favour the buyers to take control. In that case, Titan share price will likely go higher and encounter the first barrier at ₹3,547. The downside narrative will be invalid if the price breaches that level. Also, that could pave the way for further gains to test ₹3,600.
