Titan Company, a leading jewellery and watch retailer in India, experienced a 6% drop in its share price, reaching a low of ₹4,245 on the Bombay Stock Exchange (BSE) despite reporting a strong consolidated net profit of ₹1,179 crore for the quarter ending March 2026, compared to ₹871 crore in the same period last year, marking a 35% growth. The company's total income surged 46% to ₹20,300 crore, driven primarily by a 50% growth in its jewellery business. Analysts from various brokerages have reacted positively to the results, with Morgan Stanley maintaining an “Overweight” rating and raising its target price to ₹5,212, suggesting a 15.4% upside. Goldman Sachs also retained its “Buy” rating with a target price of ₹5,400, indicating a 20% upside, while Bernstein set a target of ₹5,000, reflecting an 11% upside. Despite some concerns regarding margins and growth in certain segments, analysts remain optimistic about Titan's long-term prospects, particularly in the jewellery market, where management anticipates a 15-20% CAGR over the next 3-5 years.