Titan shares jump nearly 5 pc after earnings announcement; mkt valuation surges by Rs 18,191 cr

Shares of leading jewellery and watchmaker Titan climbed nearly 5 per cent on Friday after the firm reported a 35.36 per cent increase in consolidated net profit for the March quarter. Titan on Friday reported a 35.36 per cent increase in consolidated net profit to Rs 1,179 crore for the March quarter of FY26.

Shares of leading jewellery and watchmaker Titan climbed nearly 5 per cent on Friday after the firm reported a 35.36 per cent increase in consolidated net profit for the March quarter. The stock jumped 4.76 per cent to settle at Rs 4,513.40 on the BSE. During the day, it surged 6.79 per cent to Rs 4,601.10 -- its 52-week high. At the NSE, the stock climbed 4.67 per cent to end at Rs 4,509. The company's market valuation jumped Rs 18,190.75 crore to Rs 4,00,693.41 crore. Titan on Friday reported a 35.36 per cent increase in consolidated net profit to Rs 1,179 crore for the March quarter of FY26. The company posted a net profit of Rs 871 crore in the January-March quarter a year ago, according to a regulatory filing by Titan. Its sales surged 48.28 per cent to Rs 20,607 crore in the March quarter of FY26, which, according to Titan, is ''one of the strongest quarterly performances in the company's history''. During the quarter, Titan's jewellery business revenue increased 88.6 per cent to Rs 24,999 crore, recording ''another exceptional quarter'' growth over the last year.