• Source:JND
Add as a preferred

Titan shares rose 6.5% in early trading hours on Tuesday after the Tata Group company reported a strong business update for the last quarter of FY25 i.e. March quarter of 2025. With the uptick, the Titan share price recovered from a 52-week low that the scrip hit in the previous session.

Titan's share price rose 6.5% to an intraday high of Rs 3,222 on the BSE, rebounding from a 52-week low of Rs 2,947.55 touched in the previous session. Despite the recent bounce, the stock is still down over 16% as compared to its September 2024 high of Rs 3,866.15.

In the past year, Tata Group stock has fallen 19.5%. It has gained 3.6 per cent so far in April after falling 0.5 per cent in March and 11.8 per cent in February. The stock had gained over 7 per cent in January.

Titan Q4 Result

The Tata Group has announced an impressive 25 per cent year-on-year revenue growth for the final quarter of fiscal 2025, marking its highest profit for that period. This surge can be attributed to strong performance across its jewellery, watches, eyewear, and emerging business sectors. During this quarter, the company opened 72 new stores, bringing its total retail network to 3,312 locations.

Titan's jewellery division, which remains its cornerstone, saw a 24 per cent increase in the fourth quarter of fiscal 2024. This growth was largely fueled by a significant rise in gold prices, which boosted sales of plain gold jewellery by 2per per cent and gold coins by a remarkable 65 per cent.

On the other hand, Titan's watches and wearables division experienced a solid 20 per cent year-on-year growth, thanks to strong performances from popular brands like Titan, Fastrack, and Sonata. The growth in analogue watches was particularly notable, driven by robust consumer demand across both mass and premium segments.

Additionally, the eyecare division enjoyed a healthy 18 per cent year-on-year growth, spurred by increasing interest in international eyewear brands and a growing online presence.

Also Read: Stock Market Rebounds In Early Trade; Sensex Gains 1,200 Points, Nifty Trades Over 22,540

Disclaimer: This is just a piece of news about recent developments in stock. Jagran does not advise investing, please do take an expert's opinion before investing.