Titan Stock Falls Over 5.40% After First Quarter Update - Business News
Tata Group's Titan saw a 5.40% drop in stock value after releasing its first quarter update for FY 2026, with significant growth in domestic and international businesses.
Titan Stock Falls Over 5.40%
In Tuesday's trading session, Tata Group's Titan witnessed a 5.40% decrease in stock value following its first quarter business update for the financial year 2026. During the quarter, Titan expanded its retail network by adding 10 new stores, bringing the total count to 3,322 outlets. The domestic business segment reported a 19% year-on-year growth, driven by a 23% increase in the watches segment and a 38% surge in CaratLane sales. The jewellery division, including Tanishq, Mia, and Zoya, recorded an 18% growth, with the combined TMZ brands growing by 17%. The total number of domestic stores reached 3,291. On the international front, Titan saw a strong 49% year-on-year growth, with one new store added, taking the total international store count to 31. (This story is developing). Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to consult certified experts before making any investment decisions.