By Dipti Sharma Apr 7, 2022 9:59:04 AM IST (Updated)
Titan share price: Shares of Titan Company fell a percent on Thursday reacting to the company's business update. The company's jewellery business suffered as it bore the brunt of coronavirus but watches and wearables saw a good growth momentum amidst a challenging external environment with sales increasing across all offline channels on the back of Titan brand. Meanwhile, the eyecare division's growth was led by frames and sunglasses.
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Shares of Titan Company fell close to 3 percent on Thursday reacting to the company's business update. At 9:45 am, shares of the company were down 2.34 percent at Rs 2481.70 on BSE.
The company has finished the quarter on a satisfactory note despite Q4 FY22 getting disrupted twice - first due to the partial lockdowns caused by the Omicron wave in January and again during the month of March in which consumer sentiments got affected adversely due to the sharp increase and volatility in gold prices and uncertainty due to a fragile geopolitical situation, the jewellery maker said in an exchange filing.
The underlying demand continued to be strong across all of its businesses with most segments posting a Year-on-Year (YoY) growth over a very strong Q4 FY21 base.