<\/p>
JM Financial believes that while fashion retailers and fast-food chains grapple with slow demand, the country\u2019s appetite for jewellery remains positive. In its latest sector note, the brokerage has recommended a strong \u2018Buy\u2019 recommendation for Kalyan Jewellers India and Titan Company, projecting an upside of up to 81%.<\/p>
At last check on Wednesday, Kalyan shares were down 1.57% to Rs 414.20 apiece on BSE, while Titan stock edged up 0.27% to Rs 4247.95 per share.<\/p>
\u201cJewellery sustained its strong momentum in Jan\u201926 despite gold price volatility, QSR
exhibited early glimpses of demand bottoming out with most QSRs calling out positive
momentum in Jan\u201926,\u201d JM Financial said.<\/p>
JM Financial noted that Kalyan Jewellers has beaten estimates on multiple fronts; the brokerage has pinned a target price of Rs 750 on the stock, which implies a massive upside of nearly 81% from current levels.<\/p>
In Q3 FY26 Kalyan posted a revenue growth of 42% year-on-year (YoY). The brokerage highlighted that this surge was led by 27% LTL (like-to-like) growth and healthy store additions, alongside a 65% spike in gold prices that aided topline value.<\/p>
While some peers saw margins squeezed, Kalyan beat our EBITDA estimate as margins expanded by 50 basis points, JM Financial said.<\/p>
For Tata Group\u2019s Titan Company, JM Financial maintained a target price of Rs 5,000. Titan\u2019s jewellery arm (excluding bullion) clocked a revenue growth of 40% YoY, driven by a 32% LTL growth, it said.\u00a0<\/p>
\u201c10\/11\/24 stores were added under Tanishq\/Mia\/Caratlane. Watches\/Eyewear posted 14%\/18% YoY revenue growth, with EBIT growing higher at 44%\/20% YoY,\u201d the brokerage said.<\/p>
\u201cWe expect strong demand traction to sustain in the Jewellery and Footwear spaces; meanwhile, watch out for earnings cuts in QSRs possibly bottoming out and with it even the sector valuations,\u201d the brokerage added.<\/p> <\/div>
Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.<\/i><\/p>
kalyan jewellers share price, titan share price, kalyan jewellers india, kalyan share, jewellery stocks, kalyan jewellers share price target, titan shares, tata group company, stock market today, price targets, gold#Kalyan #Jewellers #Titan #shares #Brokerage #sees #upside #heres1771404884<\/p> ","protected":false},"excerpt":{"rendered":"
JM Financial believes that while fashion retailers and fast-food chains grapple with slow demand, the country\u2019s appetite for jewellery remains positive. In its latest sector note, the brokerage has recommended a strong \u2018Buy\u2019 recommendation for Kalyan Jewellers India and Titan Company, projecting an upside of up to 81%. At last check on Wednesday, Kalyan shares […]<\/p>\n","protected":false},"author":1,"featured_media":3743,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[4143,2011,2280,12691,12686,1599,12684,12683,12687,12685,12690,623,1012,1986,12689,9677,10538,12688,1841],"class_list":["post-3742","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-content-marketing","tag-brokerage","tag-gold","tag-heres","tag-jewellers","tag-jewellery-stocks","tag-kalyan","tag-kalyan-jewellers-india","tag-kalyan-jewellers-share-price","tag-kalyan-jewellers-share-price-target","tag-kalyan-share","tag-price-targets","tag-sees","tag-shares","tag-stock-market-today","tag-tata-group-company","tag-titan","tag-titan-share-price","tag-titan-shares","tag-upside"],"acf":[],"_links":{"self":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts\/3742","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3742"}],"version-history":[{"count":0,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts\/3742\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/media\/3743"}],"wp:attachment":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3742"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}