Titan Company shares declined almost 5% in intraday trade on the BSE on Wednesday, 7 October, a day after announcing its business update for the quarter ended 30 September 2026 (Q2FY27). Titan Company's share price opened at ₹4,420.05 against its previous close of ₹4,540 and dropped as much as 4.5% to an intraday low of ₹ 4,334.90, looking set to extend losses for the second consecutive session. In the previous session, the stock declined 1.30%.
Titan is a Rekha Jhunjhunwala portfolio stock. She, through her two accounts, cumulatively held 4,71,84,470 shares of Titan at the end of the June quarter of financial year 2027 (FY27). The September quarter shareholding data will be out in the next few days.
In a post-market-hours exchange filing on 6 October, Titan Company, a Tata Group company, said its consumer businesses registered nearly 25% year-on-year (YoY) growth in Q2FY27.
Moreover, it added 78 stores during the quarter, expanding the combined retail network presence to 3,758 stores.
In the domestic market, the jewellery segment saw a 21% YoY growth during the quarter. As per the company, consumer demand for jewellery was healthy for most of the quarter, with some softening towards the close owing to a shift in the festive calendar to Q3FY27.