Titan Shares Hit Record High on Strong Q4 Sales Growth
Titan shares rose 5.7% to a record high today after domestic sales jumped 42% last quarter. The jewellery unit saw 46% growth amid rising global gold prices.
Shares of the prominent jeweler in India reached a new milestone on Wednesday following a robust performance in the final quarter of the fiscal year. TITAN SA saw its stock price climb by as much as 5.7%, achieving a record high as investors reacted to a significant surge in domestic sales.
The company reported a 42% increase in quarterly domestic sales, a growth trajectory fueled by a combination of factors. Key drivers included a rise in buyer volumes and higher average selling prices for Gold. During the quarter ending March 31, spot prices for the precious metal increased by nearly 8%, contributing to the overall revenue boost.
