Tata Group’s Titan’s Share price is falling…

Titan shares are falling after the company published a business update for the first quarter of the financial year. The jewellery segment grew 18% YoY, though investors expected a much better performance.

High gold prices negatively affected consumer sentiment and buying patterns. Customers favoured lightweight and lower-carat jewellery amid rising gold prices. This, in turn, impacted revenue growth. The watches segment did well with an increase of 23% YoY. On the other hand, the domestic eyecare business grew 12% YoY.

While FY25 was marked by multiple external events that had varying impacts on the businesses in general, Titan’s businesses clocked yet another year of strong 22% revenue growth. The company crossed a milestone of Rs 500 bn of revenues for the full year.

Overall, the business update was the primary factor behind the stock’s drop of more than 5% in trade yesterday.