How Rakesh Jhunjhunwala's old Tata bet created Rs 80,000 crore wealth after two years of flat returns
In 2026 so far, Titan has experienced a remarkable surge in market value, driven by consistent jewellery demand and the rise of organized players. The company's robust performance can be attributed to the effective strategies employed by Tanishq and CaratLane. Moreover, Titan is expanding beyond jewellery into watches and eyecare. This promising trajectory is further reinforced by strong Q1…
In 2026, investors have witnessed a significant resurgence in Titan Co's market value, thanks in large part to the holdings managed by Rakesh Jhunjhunwala. Over the past two years, the stock had delivered almost flat returns, but this year, Titan added nearly Rs 80,000 crore in market value. This turnaround can be attributed to several factors, including steady jewellery demand, stable gold prices, and gains in market share by organized jewellers.
Titan's growth engine is primarily driven by its jewellery sector, with the brand showing strong execution at Tanishq and CaratLane, and renewed confidence in its ability to develop more growth opportunities beyond jewellery. HSBC's target price of Rs 5,290 on Titan reflects the brokerage's strong belief in the jewellery segment's growth prospects, which continue to outperform the broader consumption market.
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