Titan Hits Two trillion Market Cap, Becomes Second TATA Group Company to Reach this Milestone

TATA Consultancy Services

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.