New Delhi, February 11 Titan's shares rose by nearly 3 per cent on Wednesday, hitting its 52-week high on the stock exchange after the leading jewellery and watchmaker reported a 60.84 per cent increase in consolidated net profit at Rs 1,684 crore for the December quarter.
The stock rose by 2.64 per cent to Rs 4,379.95 on the BSE.
On the NSE, the company's shares rose by 2.56 per cent to Rs 4,378.40 apiece, also marking its yearly peak.
Following this rally, Titan's market valuation increased by Rs 10,023.1 crore to Rs 3,88,845.89 crore on the BSE.
Meanwhile, the 30-share BSE Sensex increased by 66.20 points, or 0.08 per cent, to 84,340.12, while the NSE Nifty went up by 35.55 points, or 0.14 per cent, to 25,970.70 in the morning session.
On Tuesday, leading jewellery and watchmaker Titan reported a 60.84 per cent increase in consolidated net profit at Rs 1,684 crore for the December quarter of FY26, driven by the domestic jewellery business.
The company reported a net profit of Rs 1,047 crore for the October-December period a year ago, according to a regulatory filing from Titan.
Sales were up 42 per cent to Rs 24,915 crore in the December quarter of FY26, it added.
During the quarter, Titan's jewellery business increased by 45.6 per cent to Rs 23,492 crore, driven by festive collections, impactful brand campaigns, and successful exchange initiatives, reflecting strong festive demand amid high gold prices.
Caratlane recorded a growth of 42 per cent, reaching a revenue of Rs 1,537 crore. Revenue from Titan's international jewellery business also grew by 83 per cent to Rs 1,058 crore, the company said.
