Introduction:
Tata Group company reported robust growth in Q3FY25, achieving a 24% YoY revenue increase. It expanded its global retail network by 69 stores, with significant contributions from its Jewellery, Watches & Wearables, and CaratLane segments driving overall performance.
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Share price movement of Titan:
On January 6, 2025, Titan Company Limited opened at ₹3,460.25, up 0.32% from its previous close of ₹3,449.20. The stock reached a high of ₹3,527.20 (2.26%) and a low of ₹3,460.25. By 09:52 AM, it traded at ₹3,500.75, a 1.49% increase, with a market cap of ₹3,10,791.74 crore.
Titan Reports Strong Q3FY25 Growth:
Titan Company Limited reported strong growth in Q3FY25, with a 24% YoY increase in revenue. The company expanded its retail network by 69 stores, bringing the total to 3,240 stores globally. Jewellery, Watches & Wearables, and CaratLane were key growth drivers.
Jewellery witnessed a 25% YoY growth, bolstered by strong festive demand. Gold sales surged, with a 48% rise in gold coin sales. Tanishq and CaratLane continued to expand internationally, adding new stores in Seattle, USA, and Dubai, alongside domestic growth in India.
Watches & Wearables grew 15%, despite a decline in smart wearables. The EyeCare segment grew 18%, while emerging businesses showed mixed performance. Titan added 23 stores in the watches division, 3 in EyeCare, and 49 in CaratLane.
Ace investor holding in Titan:
Rekha Jhunjhunwala
Rekha Jhunjhunwala holds a 5.14% stake in Titan Company Limited, amounting to 45,713,470 shares. These holdings are valued at approximately ₹16,063.9 crore, highlighting her significant position in the company’s equity.
Stock performance of Titan for Period of 1 week, 6 months and 1 year:
Titan Company Limited has shown a 5.96% return over the past week and a 7.03% return over the last six months. However, its performance over the past year has declined by 7.03%, reflecting a year-on-year decrease.
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Shareholding pattern of Titan:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 52.90% | 52.90% | 52.90% |
| FII | 18.20% | 18.20% | 19.00% |
| DII | 11.50% | 10.90% | 10.50% |
| Public | 17.30% | 17.90% | 17.60% |
About Titan:
Titan Company Limited (NSE: TITAN) has delivered a 5.96% return over the past week and 7.03% over the last six months. Despite a 7.03% decline in the past year, the company maintains a strong market presence.
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.
