Page 9 - Titan

Titan Company slips 2% to hit over four-month low; down 14% from 52-wk high

The stock was trading at its lowest level since August 23, 2022 and has slipped 8% in the last eight trading days

Titan slips 2% despite 11% YoY jewellery sales growth in Q3 update

In the past three months, the stock declined 9 per cent, as against 4 per cent rise in the S&P BSE Sensex.

Bulls stage turnaround on Monday; key reasons why Sensex rallied 850 pts

The market sentiment got a boost from jobs and services data in the US, which hinted at a cooling economy prompting bullish bets from investors

Helped by festive sales, Titan reports 12% standalone biz growth in Q3

Leading jewellery and watchmaker Titan has recorded 12 per cent growth in its standalone business in the December quarter, led by "healthy consumer demand" spurred by a vibrant festive season. "The positive consumer sentiment helped all categories clock healthy double-digit growths despite a high base in the same period of last year," as per the quarterly update by Titan for Q3 FY23. The Tata group firm also continued network expansion by adding 111 stores in October-December, taking the total number to 2,362 at the end of the quarter. During the quarter, Titan Jewellery, which generally contributes more than two-thirds of its revenue, achieved 11 per cent Y-O-Y growth. "Healthy new buyer growths in the festive period, higher-value purchases in the studded category and unique new collections for the season helped the division achieve an 11 per cent growth YoY (excluding bullion sales)," said Titan. Sales from the studded category moderately outpaced the gold jewellery (plain) segm

Titan reports 33.7% rise in Q2 net profit on higher jewellery demand

The company earned a profit of 8.57 billion Indian rupees ($103.95 million) in the three months ended Sept. 30 from 6.41 billion rupees in the previous year

Fag-end buying lifts Sensex 114 pts, Nifty above 18,100; Metal index up 4%

CLOSING BELL: A late rally on Dalal Street helped the benchmark indices end a lacklustre trading session on a positive note. Metals, select financial shares led the pullback.

Diwali cheer: PC Jeweller, Kalyan Jewellers may gain up to 40%, hint charts

So far this month, PC Jeweller, Rajesh Exports and Kalyan Jewellers have rallied up to 21 per cent on hopes of a bumper sales this Diwali season.

Analysts bullish on stocks of jewellery retailers for the long-term

Analysts remain fairly optimistic on jewellery players as softening gold prices and the ongoing festive season makes a case for sustained demand momentum going forward

Tata to triple Zoya stores by 2027 as India's new rich fuel brand expansion

India's expected surge of rich consumers is driving the jewelry unit of Indian conglomerate Tata Group to triple its Zoya-branded stores by 2027

Titan's Taneira shrugs off Covid blues to shake up the saree market

After jewellery and eyewear, Titan looks for an encore in another large segment that is mostly a commodity play

Titan stock shines after Q2 update, addition of 105 stores in the quarter

The stock has always been highly valued with a current PE that's usually averaged around 45-50x

Sensex, Nifty end flat after choppy day; Titan up 5%, Varroc Engg tanks 7%

CLOSING BELL: The three-day IPO of Electronics Mart India was subscribed 62 times till 3:30 PM

Titan sees 18% sales growth in September quarter; adds 105 new stores

Tata group firm Titan on Thursday said its overall sales grew 18 per cent year-on-year in the September quarter. The company, which operates in the segments as Jewellery, Watches & Wearables, and EyeCare has witnessed "healthy double-digit growth across most businesses," according to a quarterly update. Titan added 105 stores in its retail network in the second quarter of the current fiscal. "The company witnessed healthy double-digit growth across most businesses with overall sales growing 18 per cent YoY," Titan said. About the outlook for the festive season, the company said it continues to be "optimistic and is visible in positive consumer sentiment" across categories. During the September quarter, Titan's jewellery division, which contributes around 85 per cent of its revenue, grew "18 per cent YoY on a high base of Q2FY22 that had elements of pent-up demand and spillover purchases of a Covid-disrupted Q1 FY22". The product-mix in the jewellery division improved compared to

Tata Neu onboarding Titan by Diwali; Tata Motors and Air India next

Tata Neu 2.0: Super app to undergo revamp for a better user experience

B2B food processing start-up Suite42 raises $4.3 mn in seed funding

Suite42 says its technology helps clients to make fair price discovery, reduce processing cost

Sensex, Nifty end flat post lackluster trade; Syrma soars 42%, Titan 3%

CLOSING BELL: It was a range-bound trade on the bourses on Friday as investors awaited US Fed chief Jerome Powell's address at the Jackson Hole Symposium later tonight

Titan hits over 4-month high on expansion plan; stock zooms 11% in 1 month

The company's strong growth outlook, industry tailwinds in the medium term and strong balance sheet makes it a best play in the retail space

Stocks to watch: Titan, Dr Reddy's, Nelco, IOC, GIC Housing, Torrent Pharma

Stocks to watch today: Titan plans to add 20 to 30 Tanishq stores over two to three years in the Middle East and North America; Nelco inked pact with Intelsat to provide inflight connectivity services

Titan to expand Tanishq stores' footprint in the Middle East and N America

Expects 15-20 per cent higher sales in this festive season

Stocks to watch: TCS, Wipro, Future Ent, IDBI Bank, Adani Green, ONGC, NHPC

Stocks to watch today: Canara Bank plans to raise up to Rs 3,500 crore through tier II bonds; TCS clarified that it would pay 100 per cent of variable payout in the June quarter of FY23.