Titan's Stellar Performance: A Shining Star in the Stock Market

Titan Company's shares surged over 4% after reporting a 13% increase in profit for the March quarter, reaching over Rs 3,500 on BSE and NSE. Total income rose to Rs 14,049 crore. Despite external challenges, Titan reported strong revenue growth, surpassing Rs 50,000 crore in annual earnings.

Shares of Titan Company soared over 4% on Friday following its announcement of a 13% increase in consolidated profit after tax for the March quarter. The firm's stock reached Rs 3,510.80 on the BSE, marking a peak during the day's trading.

On the NSE, Titan's shares mirrored this upward trend, finishing at Rs 3,509.90, further establishing the company as the day's leading gainer among Sensex and Nifty listed entities. This performance came despite the wider equity market's downturn, where the BSE benchmark fell significantly.

According to a regulatory filing, Titan's total income took a leap to Rs 14,049 crore in the fourth quarter compared to the prior year's same period. Despite a 5% drop in profit for FY25, Titan's revenue growth remained strong, surpassing the Rs 50,000 crore barrier. Managing Director C K Venkataraman noted the company's resilience amid external challenges and significant milestones achieved this fiscal year.

(With inputs from agencies.)