In a regulatory filing, after market hours on Thursday, Titan said it recorded revenue growth of 20% year-on-year (YoY) for Q1 with all key consumer businesses exhibiting double-digit growth in the June quarter.
During the fourth quarter, Titan posted a 24 per cent year-on-year (YoY) revenue growth in its jewellery business. The total income of watches and wearables business surged 40 per cent, while EyeCare revenue was up 23 per cent (YoY).
Big Bull Rakesh Jhunjhunwala's favourite stock Titan Company played a major role in making him a crorepati. Jhunjhunwala first bought shares of Titan in 2002-2003 at a price of Rs 30-32. Since then, he had been buying and selling Titan shares. Jhunjhunwala, who is also called India's Warren Buffett owned Titan stocks worth Rs 11,086.9 crore with a stake of 5.10 per cent or 4,48,50,970 shares in the last quarter.