• Brokerage Macquarie calls Titan its preferred pick in Indian consumer space

• TITN down 1.7% on the day amid weak broader markets [.BO]

• U.S. President Donald Trump's tariff plans have spurred demand for physical gold in U.S. and have resulted in higher gold lease costs - Macquarie

• TITN to have a competitive edge as gold lease costs lower for co vs smaller rivals, says Macquarie

• Adds, brokerage "gains comfort" in TITN's willingness to enter the lab-grown diamonds space once adoption picks up

• Avg rating on TITN at "buy", median PT at 3,854.50 rupees - data compiled by LSEG

• Stock down 7% YTD vs benchmark Nifty 50's 6.7% decline

(Reporting by Kashish Tandon in Bengaluru)