Titan Co Ltd Shares Surge Following Impressive Revenue Report
Shares of Titan Co Ltd, known for its jewellery and watches, saw a significant increase of nearly 5% on Wednesday. This rise came after the company announced a remarkable 40% growth in its standalone revenue for the December quarter of FY26.
On the Bombay Stock Exchange (BSE), the stock rose by 4.59%, reaching a new peak of Rs 4,300, marking its highest value in the past year. Similarly, on the National Stock Exchange (NSE), the price climbed 4.57% to also hit Rs 4,300.
In its recent quarterly report, Titan revealed that its jewellery division, which represents about 85% of its total business, achieved an impressive 41% year-on-year growth during the third quarter of FY26. The company noted that the growth in revenue was largely driven by significant increases in average selling prices, which helped counterbalance a steady number of buyers.
Titan’s good performance reflects the strength of its business, particularly in a period where gold prices have surged. This situation indicates a strong market position for the Tata Group firm in the jewellery sector.
(Note: Prices mentioned are as of 11:54 AM.)
