1. Titan gains after robust Q2 earnings; Stock Market LIVE Updates

Titan gains after robust Q2 earnings; Stock Market LIVE Updates


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5 mins   •   Updated: November 3, 2023, 3:31 PM

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Titan gains after robust Q2 earnings; Stock Market LIVE Updates

Summary

Shares of Titan Company rose more than 2% after its standalone net profit increased by 10% YoY to ₹940 crore during the September quarter. During the same period, its total income jumped 21% YoY to ₹10,027 crore.

  1. EyeCare business sees 13% YoY

    Company’s eyecare business recorded a 13% YoY rise in total income to ₹188 crore during the second quarter. During the quarter, Titan Eye+ introduced 'Zefr', a new brand of luxury frames.

    November 3, 2023 3:31 PM

  2. Watches & wearables business sees strong traction

    Titan’s watches & wearables business recorded 32% YoY growth in total income to ₹1,092 crores during the September quarter. Premiumization theme continued to work well for the company as most of its brands recorded strong double-digit growth.

    November 3, 2023 3:31 PM

  3. Jewellery business up 19% YoY

    India’s leading consumer lifestyle company reported robust Q2 earnings. The company’s flagship jewellery business recorded 19% YoY growth in sales to ₹ 8,575 crores. During the period, the business witnessed a healthy double-digit increase in both buyers and average bill value per buyer. Tanishq brand expanded its footprints in Gulf Cooperation Countries (GCC) to enter Qatar with two new stores in Doha.

    November 3, 2023 3:12 PM