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Titan gains 3%, hits new high post December quarter business update

The company said its jewellery division has crossed the recovery phase to growth phase and other two large divisions have also moved much closer to the full recovery

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The company’s jewellery business reported a healthy 15 per cent year on year growth in sales during Q3FY21

SI Reporter Mumbai
Shares of Titan Company hit a new high of Rs 1,621, up 3 per cent, on the BSE on Wednesday after the company said its jewellery division has crossed the recovery phase to growth phase and other two large divisions have also moved much closer to the full recovery.

The company’s jewellery business reported a healthy 15 per cent year on year growth in sales during the October-December quarter (Q3FY21), due to festive season along with pent-up demand for wedding jewellery.

“The Company already announced the 15 per cent growth in the 30-day festive period from Dussera to