Titan Shares Crack 3% Despite Double Digit Growth in Q3; Should you Buy, Sell or Hold?
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Titan shares in early trade today fell 3 per cent Titan Share Price: Tata Group’s fashion and jewellery retail arm Titan Company Ltd. reported a 12 per cent growth in combined sales year-on-year Titan Share Price: Tata Group’s fashion and jewellery retail arm Titan Company Ltd. reported a 12 per cent growth in combined sales year-on-year across standalone businesses, amid healthy consumer demand during festive season, while TEAL grew 58 per cent; Caratlane grew at 50.0 per cent YoY. At the end of the December quarter, the retail presence of the company stands at 2,362 stores. Titan’s jewellery division saw a growth of 11 per cent year-on-year. The growth was led by healthy new buyers in the festive period, higher value purchases in the studded category and unique new collections for the season. The sales from studded category moderately outpaced the gold jewellery (plain) segment compared to the same period last year. Wedding sales also increased during the quarter. Titan’...