Today, TATA Group’s Titan Co. Ltd., became the second company to touch Rs. 2 trillion market capitalisation. Its stock marked a record high of Rs. 2343 on the BSE from Rs. 2.07 trillion, which gave it an increase of 9% from its previous closure.
TATA Consultancy Services (TCS) is the other venture of TATA Group that shares this glory. On Wednesday, Titan addressed a vital recovery in demand (in the September quarter) and its sales have crossed or reached pre-pandemic levels in most of its divisions.
Its jewellery segment reported a rise in YoY growth of 78% (apart from bullion sales). The company registered a 32% CAGR on a two-year basis. In the second quarter of FY22, the segment had a collection of 13 stores, which took the overall count of the stores to 414. With a boost in sales been observed across all product brands – the watches and wearables division recovered at a faster pace. This particular segment registered a 73% YoY growth.