Titan Company share price fell 2 percent on July 7 after company announced its Q1FY22 business updates

TITAN

Titan Company share price fell 2 percent on July 7 after company announced its Q1FY22 business updates.

The company recorded revenue growth of around 117% (excluding bullion sales) in Q1FY22, with revenue contribution of approximately 50%, 10% and 40% coming from April, May and June months respectively, company said in the release.

Jewellery division in Q1FY22 grew by around 107% (excluding bullion sales), compared to last year, primarily due to zero sales in April of last year. Watches and wearables division grew by around 280% over Q1FY21, it added.

Titan Company was quoting at Rs 1,725.40, down Rs 37.90, or 2.15 percent on the BSE.

News source:- Moneycontrol

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