Titan's Q1 FY26 business update shows slower growth in the jewellery division, a flat YoY buyer growth, and increased competition
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
Shares of Titan fell 5% after its jewellery domestic revenue in the first quarter came in less than expected
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
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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.
Manappuram Finance stock hit all time high and Muthoot Finance stock gained after gold prices crossed ₹1,00,000
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
Titan has intrigued astronomers ever since it was discovered. The moon orbiting Saturn is replete with rivers, lakes and seas. This is a frigid world laden with organic molecules
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, jewellery to watch conglomerate, reported total income of Rs 15,032 crore in the Q4 of FY25, the company had reported net income of Rs 12,653 crore in the Q4 of FY24
Titan's Q4 net profit rose 13 per cent YoY to Rs 871 crore on 19.4 per cent revenue growth driven by strong performance in the jewellery and watches segments
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
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In India, Gold futures surpassed the Rs 86,000 per 10 gram-mark on the Multi-commodity Exchange (MCX) last week
Nuvama has picked Jubilant, Trent, V-Mart, Titan, and Aditya Vision as its top bets going forward, highlighting their strong performances and promising outlook
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