Govt hikes gold import duty: The move triggered selling in jewellery stocks, including Kalyan, Senco Gold, Titan. On the contrary, shares of Manappuram Fin, Muthoot Fin, and IIFL Finance rose up to 7%
Gold-related stocks are likely to remain in focus post 15% import duty hike. In the last two days, these shares tumbled up to 15% after PM Modi appealed to Indians to abjure buying gold for a year.
Shares of jewellery companies witnessed selling pressure on Monday after PM Modi urged citizens to abjure from purchasing gold and gold jewellery for the next one year.
JP Morgan India expect Titan to benefit from sector formalisation, innovation, expanding distribution, and resilient demand despite elevated gold prices
Titan and Kalyan Jewellers posted strong Q4 revenue growth driven by jewellery demand, though rising bullion sales and gold prices weighed on margins
Leading branded jeweller maker Titan Company is unconcerned about short-term gold supply issues due to West Asia conflict as its gold exchange programme and contingency sourcing plans are helping mitigate risks. Titan, whose FY26 topline crossed Rs 75,000 crore, said the company's gold exchange programme has been running successfully since the third quarter and it has further strengthened sourcing flexibility for its jewellery businesses. "...our gold exchange programme is very, very successfully being run from the last quarter three onwards. We always used to run this but now we have another level," CFO Ashok Sonthalia said while responding to a query around gold supply. He said the company has measures in place to respond to any supply-related challenges if required."On a short notice we can, if required, further ratchet it. Some of the other Plan Bs are also ready," he said. "We are at least not concerned in the short term as far as gold supply is concerned for Titan, Tanishq an
Titan's consolidated total income grew 46 per cent year-on-year to ₹20,300 crore as compared to ₹13,891 crore in the year-ago period
Total expenses of Titan jumped 85.16 per cent to ₹25,579 crore in the March quarter
Q4FY26 company results: Firms including Tata Consumer Products, ABB India, Bank of Baroda, Bank of India, Oberoi Realty, and Kalyan Jewellers are also to release their January-March earnings today
Titan, Kalyan Jewellers, Sky Gold and Thangamayil Jewellery can potentially rally up to 15 per cent from here, believes Om Mehra, technical research analyst at SAMCO Securities.
Titan's domestic jewellery business delivered strong revenue growth in Q4 owing to the upcoming wedding season, festivals such as Gudi Padwa and Eid during the quarter, said ICICI Securities.
Kunal Kamble, sr. technical research analyst at Bonanza, has recommended buying shares of Adani Energy Solutions, Titan Company, and APL Apollo Tubes today
Strong same store sales and improving buyer growth helped jewellery majors post robust topline growth in the March quarter, signalling a recovery in demand
Following the announcement, the Nifty Consumer Durables index surged 4.48 per cent to hit 35,678 levels during intraday trading on Wednesday
Rajesh Bhosale of Angel One has recommended buying the shares of Titan Company, Adani Power, and Godawari Power and Ispat today; check key rationales, and target price inside
Titan's Helios Luxe has partnered with German watchmaker Alexander Shorokhoff to introduce limited-edition watches in India, targeting the country's fast-growing accessible luxury segment
Here's why technical analysts at Kotak Securities and Bonanza are bullish on Trent, Tata Steel, Titan and Voltas. Tata Sons board meet on Tuesday, February 24.
In the past four trading days, the stock price Titan Company engaged in gems, jewellery and watches business has rallied 7 per cent.
Titan Company's Q3 performance was driven by its jewellery portfolio, which saw strong buyer engagement through exchange programmes, further supported by elevated gold prices, the company said
Q3FY26 company results: Firms including Britannia, Apollo Hospitals Enterprise, Jubilant FoodWorks, Escorts Kubota and Oil India are also to release their October-December earnings today