Titan shares fall 5% after Q2 update, Citi, CLSA, HSBC retain positive view
Titan Company’s consumer businesses registered growth of 25% y-o-y in Q2FY27; They added 78 stores on a net basis during the quarter, taking its combined retail network to 3,758 stores
Titan shares experienced a 5% decline on Wednesday following the company's Q2FY27 business update. The domestic jewellery segment showed growth of 21% year-over-year, which was below some brokerage estimates. The festive calendar shift to Q3FY27 and weaker investment-led coin demand impacted the quarter's performance. Titan's consumer businesses grew by 25% year-over-year, and they added 78 stores on a net basis, increasing their retail network to 3,758 stores.
Studded jewellery saw growth in the early thirties, driven by the 'Festival of Diamonds' and brand-level promotions, while plain gold jewellery expanded by 20% year-over-year.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
