Titan Share Price: Titan s shares plummeted by nearly 7% as it reported a 7% YoY increase in standalone net profit at Rs 786 crore. Despite a 17% YoY growth in net sales to Rs 10,047 crore and a dividend recommendation of Rs 11 per share for FY24, EBIT margins dipped.
Titan shares have outperformed the equity benchmark Sensex over the last year. Titan share price has gained about 29 per cent while the Sensex has gained about 21 per cent in the last one year.
Titan shares fall over 7% as Q4 numbers missed estimate: Here s what brokerages say - Market News financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
While the share of e-commerce in the grocery industry is rising, thanks to the entry of many new players as well as ramp-up by existing players, there is a lot of growth potential for players like D-Mart.