Titan shares extend fall for 5th session; down 4% post Q1 update
The Tata group company reported disappointing growth in the jewellery business in Q1 FY25, due to higher gold prices and lower wedding days.
The Tata group company reported disappointing growth in the jewellery business in Q1 FY25, due to higher gold prices and lower wedding days.
For the full financial year 2023-24, profit increased 7% to ₹3,496 crore compared with ₹3,274 crore in FY23.
This is the sixth Tata Group company that has an m-cap of over ₹1 lakh crore after TCS, Titan Company, Tata Motors, Tata Steel, and Trent.
Titan plans to increase the percentage of employees in engineering roles by 50% in the next two to three years.
The Titan board also approves availing of long-term borrowings in long-term unsecured loans up to ₹1,000 cr
The Tata Group company aspires to grow three times in the next four years. It is getting its workforce to be future-ready, by listening to them.
Indians are proudly displaying their 'Indianness' than ever before and that makes the right time for the growth of Indian luxury brands.
The jewellery-to-watchmaker reported 12% YoY growth in its standalone business in Q3 FY23, driven by healthy consumer demand during festive season.
Titan Q1 results: All key divisions - jewellery, watches and eyewear - recorded healthy margins aided by better realisations across product categories
The Tata Group company’s stock jumped after the company said its total sales in the June quarter of FY23 grew 205% on yearly basis due to the low base effect.