Jewellery helps Titan become third-most valuable Tata firm

With key growth driver, jewellery business Tanishq, excelling in Q2, firm posted its biggest single-day gain of 19%

Until a decade ago, watches were Titan’s bread and butter, accounting for about half its revenues. But still, Titan, for all its appeal, wasn’t among the top-ranking companies in market value for the Tata group. Even though Titan is now India’s largest-selling watch brand, it is the jewellery business which has changed the company’s fortunes in the past few years.
Monday’s 19 per cent gain in Titan’s stock price, which adds to the strong rally seen this calendar year, made Titan the third most-valuable company in the Tata group. This, itself, is a statement of how important the company has