Titan Company Ltd reported 25% Q2 FY25 revenue growth, driven by strong jewellery demand and store expansion.
Titan Company Ltd, a Tata Group firm, reported a 25% year-on-year revenue growth for Q2 FY25, despite a 5.4% drop in net profit. The company expanded its retail network by adding 75 stores, totaling 3,171. Strong demand for jewellery, aided by reduced gold import duties, drove growth. Brokerages like Emkay Global and Macquarie maintain positive ratings, with target prices of ₹4,400 and ₹4,100, respectively, despite a recent decline in share value.
October 07, 2024
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