Although the stock market was buzzing on Tuesday, some popular shares were seen in selling mode. On the second day of the week, a big fall was also seen in the shares of Tata’s giant Titan Company. This decline has come at a time when Titan has given major updates to the stock market regarding its business.
What is business update?
According to Titan’s quarterly update, Titan Company’s consumer business registered a growth of 25% year-on-year in Q2 FY27. There was a growth of more than 20% each in jewellery, watch and eyecare business. The company opened 78 new stores during the quarter, taking the total number of stores under its consumer business to 3758 by September 2026. The domestic business grew by 22% year-on-year while the international business registered a growth of 97%. There was a growth of 21% in jewelery business. The company said that consumer demand remained good for most of the quarter. However, it declined slightly towards the end of the quarter as the festive season shifted to Q3FY27.
The watches business of Tata company Titan grew by about 30% year-on-year in this quarter, which benefited from the trend of premium making. Sales of analog watches increased by more than 30% while the smartwatch business also saw significant growth. The division opened 34 new stores during the quarter, taking the total store count to 1379 by September 2026. Eyecare reported 28% year-on-year growth in the September quarter of FY27. By September 2026, Titan had 847 stores in this division.
titan share price
On Tuesday, the second day of the week, shares of Titan Company fell 1.30% to close at Rs 4540 per share on BSE. The stock had closed at ₹4600 in the previous session and remained in the range of ₹4,600 to ₹4,530.30 during the day. The 52-week range of this stock has been between ₹3400 and ₹5187.
Demand will increase in the festive season
The Tata group company expects consumer demand to remain strong in the festive season this year. Recently, Ranjani Krishnaswamy, Chief Marketing Officer of Titan Company, said that this year the wedding season will start early and Diwali The late arrival is also expected to boost demand. He also acknowledged that the company is working to increase its supply capacity to match the increasing demand. Referring to Titan Group’s previous acquisitions in the jewelery business, he had said that the company may also consider investing in or acquiring smaller watch companies.
Source: www.livehindustan.com
