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Titan Company Ltd: The company's shares are rising

10/07/2023
Source : ORISHAS FINANCE
Categories: Companies

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After Titan Company Ltd saw 20% year-over-year revenue growth in the first quarter of fiscal 24, the company's shares finished up more than 1% last Friday.

Les actions de Titan Company Ltd gained 1.26% to end at 3,144.75 rupees each on BSE. Its jewelry division grew 21% year-over-year in the first quarter, with buyer growth outpacing the average ticket size growth for this period. According to the company's statement in a regulatory filing, Akshaya Tritiya's sales in April and wedding purchases in June were robust, despite significant gold price volatility throughout the

period.

In addition, the company estimates that Titan's watches and wearables grew 13% year over year, including 8% growth in the analog watch segment and 84% year-over-year growth in wearables.

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