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TITAN
any shares jumped sharply in early trading on Wednesday, climbing more than 4% to trade around ₹4,411 as investors cheered the Tata Group firm's strong preliminary Q4 business update. The positive sentiment was driven primarily by robust performance in its jewellery segment, which continues to be the key growth engine for the company.
According to the Q4 update, Titan's consolidated consumer businesses delivered an impressive 46% year-on-year growth. This surge was largely propelled by strong demand in the jewellery division, which accounts for the bulk of the company's revenues. The update highlighted healthy same-store sales growth (SSSG) and overall momentum across its retail network, even amid elevated gold prices.
Analysts noted that the jewellery business benefited from sustained consumer demand during the wedding and festive season tailwinds, coupled with strategic focus on lightweight jewellery offerings and expansion of its store footprint. Titan's diversified portfolio, including watches, eyewear, and emerging segments like CaratLane, also contributed to the overall consumer business strength, though jewellery remained the standout performer.#EquityResearch#Miscellaneous#MacroViews#HiddenGems
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