Titan Co. (TITN.BO): 1QF Y27 update: Strong 41% revenue growth, with improving mix and buyer growth; Buy

Research evidence excerpt

Titan Co. (TITN.BO): 1QF Y27 update: Strong 41% revenue growth, with improving mix and buyer growth; Buy

ial statement histories, forecasts and ratios. It can be used for

in-depth analysis of a single company, or to make comparisons between companies in different sectors and markets.

Disclosures

The rating(s) for Titan Co. is/are relative to the other companies in its/their coverage universe: Asian Paints (India), Avenue Supermarts Ltd., Bata

India, Britannia Industries Ltd., Colgate Palmolive (India), Dabur India, Devyani International Ltd., Emami Ltd., Godrej Consumer Products Ltd., Hindustan

Unilever, Honasa Consumer Ltd., ITC, ITC Hotels Ltd., Indian Hotels Company Ltd., Jubilant Foodworks, Lenskart Solutions Ltd., Marico, Metro Brands,

Nestle India, Page Industries Ltd., Pidilite Industries, Tata Consumer Products Ltd., Titan Co., Trent Ltd., United Spirits, Varun Beverages Ltd., Westlife

Foodworld Ltd.

Company-specific regulatory disclosures

The following disclosures relate to relationships between The Goldman Sachs Group, Inc. (with its affiliates, “Goldman Sachs”) and companies covered

by Goldman Sachs Global Investment Research and referred to in this research.

There are no company-specific disclosures for: Titan Co. (Rs4,485.10)

Distribution of ratings/investment banking relationships

Goldman Sachs Investment Research global Equity coverage universe

Rating Distribution Investment Banking Relationships

Buy Hold Sell Buy Hold Sell

Global 50% 34% 16% 65% 60% 45%

As of April 1, 2026, Goldman Sachs Global Investment Research had investment ratings on 3,074 equity securities. Goldman Sachs assigns stocks as

Buys and Sells on various regional Investment Lists; stocks not so assigned are deemed Neutral. Such assignments equate to Buy, Hold and Sell for the