Titan Co. stock rose over 3% during the day after the company announced their business update for the third quarter on Monday.
The company registered a growth of 24% year-on-year in the third quarter of financial year 2025. The jewellery segment of the company saw the most growth with 26% year-on-year growth. There were 26 store additions, pushing the total number of stores to 749 as of December 2024.
"Robust consumer traction during Diwali translated into high single-digit buyer growth, along with double-digit ticket size growth," according to the company.
Their Watches and Wearables segment grew 15% this quarter supported by 23 store additions. This segment of the company has the most number of stores with 1,194 outlets. Growth in the segment, driven by festive demand stands well supported by healthy premiumisation trends, according to the company.
The EyeCare segment saw the second highest growth, at 18% year-on-year. The segment also followed Watches and Wearables, with 907 stores. Finally, their emerging segments grew 5% year-on-year with three new stores, pushing the total number of outlets to 84.
Titan Share Price Today
Titan stock rose as much as 3.06% during the day to Rs 3,576.7 apiece on the NSE. It was trading 2.32% higher at Rs 3,550.3 apiece, compared to a 0.52% advance in the benchmark Nifty 50 as of 10:23 a.m.
It has fallen 4.17% in the last 12 months. Total traded volume so far in the day stood at 4.8 times its 30-day average. The relative strength index was at 66.7.
Of the 34 analysts tracking the company, 17 have a 'buy' rating on the stock, 12 recommend a 'hold' and five suggest a 'sell', according to Bloomberg data. The 12-month analysts' consensus target price on the stock is Rs 3,675.5, implying a upside of 4.0%.
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