Rekha Jhunjhunwala, a prominent investor with a portfolio valued at over ₹34,799 crore, has increased her stake in a Tata group stock by 4%. She holds 24 stocks in various sectors.
As per the latest filings, Jhunjhunwala’s investments include a wide range of stocks, reflecting her strategic approach to market opportunities. This recent increase in her Tata group stock holdings signals her confidence in the company’s potential for growth.
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Titan Company
On April 17, 2025, Titan Company Ltd opened at ₹3,258.70, up 0.08% from its previous close of ₹3,271.65. The stock reached a high of ₹3,333.00 (1.61%) and a low of ₹3,213.00. By 4:00 PM, it traded at ₹3,324.40, a 1.61% increase, with a market cap of ₹2,95,135.63 crore.
Rekha Jhunjhunwala has increased her stake in Titan Company to 5.2% in March 2025, up from 1.1% in December 2024. She now holds 45,793,470 shares valued at ₹15,065.6 crore, reflecting her growing confidence in the company.
Financial Performance
Titan Company delivered an impressive quarter, with 25% revenue growth over two consecutive quarters. The Jewellery division led this performance, posting a 25% rise in revenue and 22% same-store growth (SSG) in Q3 FY25.
Jewellery Segment Insights
Studded jewellery saw strong demand; however, gold’s outperformance affected EBIT margins. Though studded sales rose, the Gross Contribution (GC) and EBIT margins were diluted. Annualised EBIT margin guidance for the jewellery segment is between 11% and 11.5%.
Market Dynamics
Gold price hikes reduced margins for studded jewellery. Titan aims to grow both gold and studded segments while countering pricing volatility. Focus remains on expanding the buyer base and driving same-store growth to ensure long-term business sustainability.
Customer Segmentation
Q3 saw 48% new and 52% repeat buyers. Studded jewellery attracted more new buyers, while gold coins appealed to loyal customers. The trend underlines a shift in purchasing behaviour and opens scope for tailored marketing and offerings.
Watches and Wearables
Fastrack and Sonata posted robust growth of 33% and 24%, respectively. Analog watches are driving the segment’s success, while wearables saw a decline, which management views positively, realigning focus toward premium and entry-level analog watches.
Emerging Business Challenges
Taneira’s flat growth was due to limited new store additions and inventory corrections. The brand plans affordable product launches and geographic expansion into metros and Tier-1 cities to rejuvenate performance and capture a broader audience.
Competitive Landscape
The market is highly competitive, especially in gold pricing and making charges. Titan maintains a pricing premium while adapting to daily gold rate shifts. Strategic cost control and value-added offerings are key to staying ahead.
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Margin Guidance
Titan aims to maintain an 11% EBIT margin annually. While growth is prioritized over margins, management emphasizes sustainable profitability, ensuring margins don’t drop below acceptable levels under normal business conditions.
Titan Company Ltd (NSE: TITAN) is a leading lifestyle company in India, excelling in watches, jewelry, and eyewear. Founded in 1984, it is a joint venture between TATA Group and TIDCO.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
