Titan gains on eyeing more than double revenue for Zoya brand

Titan Company is currently trading at Rs. 2402.40, up by 2.75 points or 0.11% from its previous closing of Rs. 2399.65 on the BSE.

titan company inches up on the bse
titan company

The scrip opened at Rs. 2392.10 and has touched a high and low of Rs. 2411.20 and Rs. 2374.00 respectively. So far 28529 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 2790.00 on 31-Oct-2022 and a 52 week low of Rs. 1827.15 on 01-Jul-2022.

Last one week high and low of the scrip stood at Rs. 2507.00 and Rs. 2374.00 respectively. The current market cap of the company is Rs. 213397.16 crore.

The promoters holding in the company stood at 52.90%, while Institutions and Non-Institutions held 28.83% and 18.26% respectively.

Titan’s luxury jewellery brand — Zoya is eyeing to more than double its revenue as well as the store count over the next three years from what it has done all through its 14-year history. Since its launch in 2009, Zoya has become a Rs 200-crore sub-brand in the Titan stable which grosses over Rs 40,000 crore annually, with seven showrooms — the latest addition at the Taj Mahal Palace Hotel — and an equal number of galleries.

Titan Company is an Indian designer and manufacturer of watches, jewellery, precision engineering components and other accessories including sunglasses, wallets, bags and belts.

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