“Bullish on Titan Company with a target of ₹5,250, forecasting a 19% upside. Standalone revenue (ex-bullion) is expected to grow 38% YoY in Q1FY27, with Tanishq's like-to-like sales up 35%. However, standalone jewellery EBIT margin (ex-bullion/inventory gains) is projected to decline 80 basis points YoY to 10.7% due to an unfavorable product mix with higher gold coin sales.”

Motilal Oswal Analysis’s track record: 6 graded calls · 95% CI 19–81%