Titan dips 4%, trades lower for third straight day post Q4 results

Margins were muted primarily due to lower gross margins in both Jewellery and Watch segments basically arising out of higher sale of lower margin products

Shares of Titan Company dipped 4.5 per cent to Rs 1,425 on the BSE in intra-day trade on Monday, falling 6 per cent in the past three trading days after the company announced its March quarter earnings on Thursday, April 29. The stock of the Tata Group Company was the top loser among the S&P BSE Sensex and Nifty50 indices, which were down less than 1 per cent, at 01:10 pm.

In Q4FY21, Titan Company continued to witness strong business momentum in the quarter and recorded revenue of Rs 7,110 crore (excl. bullion sale), growth of 61 per cent