Titan jumps 4%: Surge in gold demand powers rally

Titan’s share price surged to an intraday-day high of Rs 3,227.25, up nearly 7% in early trade on the National Stock Exchange after the company reported a strong pre-quarterly Q4 business update. However, the stock price came off highs in sync with the overall moderation in the market. It is still one of the top gainers and is up nearly 4%.

The company’s domestic jewellery business rose 25% year-on-year on the back of a significant increase in gold prices in 2025. Its gold jewellery and coins increased 27% and 65% YoY with high consumer demand for gold.

ALSO READLIVE: Nifty above 22,400, small and midcaps firm and VIX down 9%; Titan, SBI, Infosys top gainers

“Elevated gold prices resulted in sluggish consumer demand at lower price points leading to single digit buyer growth, while demand at higher price bands sustained resulting in a high double-digit growth in ticket sizes,” read an exchange filing.

Watch business rises 20% 

Also, Titan’s domestic watch segment grew 20% YoY.  Titan, Fastrack, and Sonata saw a growth of 18% YoY in analogue watches. The retail channels—Helios, Titan World, and Fastrack—saw double-digit growth, with Helios leading the way.

The EyeCare business rose 18% YoY, with Titan Eyeplus showing healthy growth driven by international brands. Titan Eye+ added two new stores in the UAE, however, it closed 11 stores in India.

Caratlane grew 22%

CaratLane grew 22% YoY, with strong demand for its studded portfolio. It achieved a mid-single-digit growth and 11% L2L growth.

ALSO READGodrej Consumer shares surge 2.4%: 3 reasons why Nuvama expects 26% upside Titan Q3 result

The company reported a 5% YoY drop in net profit at Rs 990 crore in Q3 FY25, due to the impact of customs duty reduction on gold. In the same quarter a year ago it posted a net profit of Rs 1,040. Titan’s revenue for the quarter surged 23.3% YoY to Rs 16,097 crore as against Rs 13,052 crore in the correspondent quarter of the last year.

Titan stock performance

The share price of Titan has risen 5% in the last five trading sessions. It has given a return of 4% in the last one month. However, it has fallen 10% in the past six months and over 16% in the previous one year. 

 » Read More

Related Articles

Income Tax Dept cracks down on high spenders hiding income: Strict monitoring of THESE high-value transactions

The Income Tax Department is now using modern data analysis techniques to detect those who have hidden or shown less income. For this, the department is working with various government agencies to collect information about such individuals who spend heavily but do not report their income properly. What is the new update? The Central Board

‘Indusind Bank doing well’: RBI Gov says adequate steps taken to help improve accounting

The Reserve Bank governor, Sanjay Malhotra, gave a positive outlook on the IndusInd Bank, speaking to the media at a press conference after the MPC meeting on Friday. In the post-meeting conference, the RBI Governor pointed out that the bank’s accounting condition has improved. “I think the bank has taken enough steps to improve their

Bharti Hexacom slides 3% after Motilal Oswal downgrades to ‘Neutral’: 4 reasons why

The share price of Bharti Hexacom is down 3% after Motilal Oswal downgraded the stock to Neutral. The target price is set at Rs 1,900 per share. This is around the 52-week high of the share. This, as a result indicates very little downside for the stock in the near-term. According to the brokerage house

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

Income Tax Dept cracks down on high spenders hiding income: Strict monitoring of THESE high-value transactions

The Income Tax Department is now using modern data analysis techniques to detect those who have hidden or shown less income. For this, the department is working with various government agencies to collect information about such individuals who spend heavily but do not report their income properly. What is the new update? The Central Board

‘Indusind Bank doing well’: RBI Gov says adequate steps taken to help improve accounting

The Reserve Bank governor, Sanjay Malhotra, gave a positive outlook on the IndusInd Bank, speaking to the media at a press conference after the MPC meeting on Friday. In the post-meeting conference, the RBI Governor pointed out that the bank’s accounting condition has improved. “I think the bank has taken enough steps to improve their

Bharti Hexacom slides 3% after Motilal Oswal downgrades to ‘Neutral’: 4 reasons why

The share price of Bharti Hexacom is down 3% after Motilal Oswal downgraded the stock to Neutral. The target price is set at Rs 1,900 per share. This is around the 52-week high of the share. This, as a result indicates very little downside for the stock in the near-term. According to the brokerage house

Big change in ICICI Bank credit card airport lounge access rules: Know new spending limit, eligibility

Many banks have recently updated their rules regarding credit card usage at airports for lounge access. Joining the list, another leading bank ICICI Bank has announced some changes too for its credit card users. These changes will take effect on July 1 this year. According to the latest update, eligible ICICI Bank credit cardholders can

Rs 855 crore land deal: Find out who bought Balaji IT Park in Mumbai from Jeetendra Kapoor and family

NTT Global Data Centres, a subsidiary of Japanese IT infrastructure and service company NTT Data, has purchased a land parcel for Rs 855 crore in Mumbai. The company bought the property from the Bollywood actor Jeetendra Kapoor and his family in Mumbai’s suburban region in Andheri.  ALSO READGarden Reach Shipbuilders expands offshore capabilities: Inks multiple