Titan is India’s largest specialty retail network spanning over 240 towns.
Shares of Titan Co rose nearly 3% after the company's jewellery vertical reported strong growth in retail sales during October-December. Jewellery sales were supported by the government's decision to suspend the application of stringent customer information norms under the Prevention of Money Laundering Act.
Titan Company Ltd is currently trading at Rs865.95, up by Rs20.55 or 2.43% from its previous closing of Rs845.4 on the BSE. The scrip opened at Rs861 and has touched a high and low of Rs869.65 and Rs856.75, respectively. The current market cap of the company is Rs75,053.44cr.
With a retail footprint of over 1,400 stores and a total retail area of over 1.8mn sqft, Titan has India’s largest specialty retail network spanning over 240 towns. Jewellery segment contributed 81%, watches 14% and eyewear and other accessories 5% to the top-line in H1FY18
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