Titan Company’s stock price fell more than 4% in morning sessions on Monday after reporting Q1 earnings. The first-quarter results were announced on Friday after market hours.
Titan’s share price began at ₹3320.05, 4.1% lower than the previous close of ₹3,462.35, and fell to ₹3316 levels on Monday on the NSE.
Tiran recorded a standalone net profit of ₹770 crore, a minor 1% decrease from the same time last year. However, income from operations increased by about 9% in the first quarter, reaching Rs11,263 crore.
The increasing gold prices impeded demand in its primary jewelry sector, resulting in slower net profit growth for Titan Company.
What products does Titan Company make?
Titan Company Ltd. has established itself as a market leader in the sale of jewelry, watches, and eyeglasses, earning consumers’ trust for delivering high-quality products at reasonable prices. Additionally, Titan has expanded its product range to include wearables, Indian dress wear, fragrances, and fashion accessories, showcasing its remarkable success.
What is the total number of brands under Titan?
Today, with over 8,000 workers and around 38,000 in the Titan ecosystem, 16 brands, and over 2,000 retail locations, we are as committed as ever to delivering profitable and responsible growth for all of our stakeholders.
Read Also: Titan’s share price dropped more than 3% as Q1 jewelry business growth is below expectations
