Strong consumer traction during the festive season translated into high single-digit percentage buyer growth in the jewellery segment, said Titan
A robust consumer traction during Diwali translated into high single-digit buyer growth along with double-digit ticket size growth
Titan share price had underperformed the market and recorded negative returns of 11 per cent in the previous calendar year 2024, the first time it has done so in the past eight years
Company plans six Helios Luxe stores in FY25, grow them to 35 in two stores
The surge in the Ashapuri HGold Ornament share price came after the company announced that it has entered into an agreement with Titan Company (Titan)
The consolidated profit before tax was lower by 24 per cent YoY at Rs 948 crore mainly due to impact of custom duty reduction
Its revenue from operations grew 25.8 per cent at Rs 13,473 crore in the quarter over last year while its net profit stood at Rs 704 crore
Q2 results today, November 5: GAIL India, Oil India, Merger Paints, Mankind Pharma, and Saregama will be releasing their earnings report for the July-September quarter on Nov 5
The BSE Sensex has surged 23.26 per cent, while the Nifty50 climbed 25.29 per cent thus far in Samvat 2080
Titan beat growth expectations across most segments and this led to likely earnings upgrades for FY25 to the tune of 4-5%
Titan share price dropped despite the company reporting robust business performance for the September quarter (Q2FY25).
Company will introduce 41 styles and eyes 45 per cent growth during festive season
In the past one month, Titan has outperformed the market by surging 10 per cent, compared to the 4.5 per cent rise in the BSE Sensex during the period.
Penny stocks under Rs 10: Had you invested Rs 10,000 each in JSW Steel, Titan Company and Bajaj Finance 20 years ago, when they were just penny stocks, you would have become a millionaire by now
Stocks like PC Jeweller, TBZ, Kalyan Jewellers and Senco Gold can potentially rally up to 27% from current levels, suggest technical charts.
Shares of Titan fell 7.56 to Rs 3,201 per share on the BSE in Monday's intraday deals. This came after the company reported a marginal decline in net profits on a year-on-year (YoY) basis
The jewellery major's profit before interest, depreciation and tax grew 10.3 per cent to Rs 1,367 crore in the quarter ended June
India Budget news 2024: Customs duty on gold and silver has been reduced to 6% which may lead to a decline in domestic prices and perhaps lift demand
Venkataraman, who has steered Tanishq for nearly two decades, shares with Aneeka Chatterjee the joys and challenges of the journey
High gold prices (20% growth YoY) had an impact on consumer demand. Coupled with lower wedding days, overall sentiments were relatively muted in comparison to Q1FY24, the company said.