Shares of Tata group firm Titan Company on Tuesday tumbled over 6 per cent as the company's first quarter business update failed to cheer investors. The stock dropped 6.17 per cent to Rs 3,440.60 apiece on the BSE. During the day, it lost 6.32 per cent to Rs 3,435. On the NSE, it tanked 6.16 per cent to Rs 3,440. The stock emerged as the biggest laggard among the Sensex and Nifty firms. The company's market valuation eroded by Rs 20,086.15 crore to Rs 3,05,451.71 crore. Tata group firm Titan Company saw its consumer businesses grow by 20 per cent year-on-year in the first quarter of this fiscal, according to a regulatory filing by the company. Domestic jewellery operations grew by 18 per cent in the first quarter, despite the period being marked by gold price volatility affecting consumer sentiments, Titan Company said. "While the Akshaya Tritiya period saw good traction, the increase in gold prices from May till mid-June saw some softening in customer purchases," it added. The
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Its mainstay domestic jewellery business, which contributes close to 90 per cent to its overall revenue, grew 18 per cent year-on-year, the company said in a business update
The northward move in Titan share price came after Sydney, Australia-based Macquarie reportedly maintained an 'Outperform' rating, with a target price of ₹4,150.
Titan aims to double sales to 15 lakh bags in FY26 under IRTH and Fastrack, supported by rising demand, new leather ranges, online partnerships, and retail expansion
Tata group firm Titan Company Ltd on Tuesday said Suparna Mitra, CEO of its Watches & Wearables Division, has resigned due to personal reasons. The date of cessation of Mitra, who has been in this role for the last five years, is August 12, 2025, the company said in a regulatory filing. In her resignation letter to Titan Co Managing Director CK Venkataraman, Mitra cited "personal reasons" for her decision to move on.
The rise in jewellery sales was on the back of higher ticket sizes on account of a rise in prices of gold
Titan's resilient performance was in the backdrop of inflated gold price environment with margin improvement in domestic jewellery and Caratlane business in Q4FY25.
Venkataraman joined the company in 1990 and rose to the top post in 2019, the same year Chawala took the helm at the jewellery division
Gold jewellery and coins grew 27 per cent and 65 per cent Y-o-Y, respectively, with high consumer demand for gold as both an adornment and store of value, Titan said.
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Nifty 50 has corrected 10 per cent from its peak in September 2024, Goldman Sachs said, driven by cuts in EPS growth following a slower macro as well as a sharp correction in valuation multiples
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Titan share price: Demand trends look encouraging as lower tax rates are likely to increase discretionary income in the coming quarters
Titan is negotiating to acquire a significant stake in Damas Jewellery, valued at Rs 4,500 crore; the move aligns with Titan's strategy to strengthen its presence in the GCC luxury market
Jewellers such as Titan, which owns the Tanishq and CaratLane brands, lease gold from bullion banks, which import the metal, to avoid inventory risks due to fluctuation in prices
The primary concern weighing on the Titan share was weaker-than-expected margin in Q3 results, analysts said
At 6:33 AM, GIFT Nifty futures were up 71 points at 23,856, signaling a higher start for Indian markets
Sequentially, its net profit rose by 48.7 per cent, while its revenue was up 22.1 per cent
FIIs sold shares worth Rs 3,958.37 crore on February 3, while DIIs bought shares worth 2,708.23 crore