BSE knowledge exhibits that Rekha Jhunjhunwala, spouse of the late market legend Rakesh Jhunjhunwala, now owns 4.7 crore shares in Titan. The Jhunjhunwala household first invested within the firm between 2002 and 2003, when Titan was a struggling Tata enterprise and its shares traded in mere double digits. What started as an funding price only a few crores finally changed into the cornerstone of the Jhunjhunwala household portfolio.
Through the years, the household’s stake in Titan has risen steadily, stabilising round 5.3%, and stays their largest listed fairness funding, primarily beneath Rekha Jhunjhunwala’s possession. The entire worth of this holding is estimated at over Rs 17,000 crore, in response to Trendlyne.
Simply two weeks in the past, Rekha Jhunjhunwala’s notional wealth in Titan swelled by practically Rs 739 crore inside minutes, after the inventory jumped round 5% on the again of a powerful Q2 enterprise replace. Whereas the beneficial properties are on paper, they reaffirm Titan’s enduring standing as a bellwether of India’s consumption story and a pillar of the Jhunjhunwala funding legacy.
In its newest quarterly replace, Titan reported broad-based development throughout segments. The home enterprise expanded 18% year-on-year, whereas the worldwide division surged 86%, pushed by sturdy demand within the U.S. and GCC markets. Its flagship jewelry model Tanishq added a brand new retailer in Virginia, USA, through the interval.
The jewelry phase remained the important thing development driver, rising 19% year-on-year. Inside this vertical, CaratLane led the cost with 30% development, outpacing Tanishq, Mia, and Zoya, which grew 18%. The corporate expanded its retail presence with 34 new jewelry shops, taking the full to three,377 retailers, together with 15 new watch shops, 5 eyewear retailers, and one new worldwide retailer.The rising companies division, which incorporates Fastrack, Skinn, Taneira, and Irth, posted a powerful 37% development. Fragrances rose 48%, ladies’s baggage surged 90%, aided by a wider retail community, whereas Taneira grew 13%. Irth added two new shops in Delhi and Kolkata, at the same time as Taneira shut two through the quarter.The Jhunjhunwala household’s affiliation with the Tata Group runs deep. Aside from Titan, additionally they maintain stakes in Indian Accommodations Firm Ltd, Tata Communications, and the newly demerged Tata Motors Passenger Automobiles Ltd.
Past Tata corporations, Rekha Jhunjhunwala holds over 40% in Aptech, and stakes of two.4% in Federal Financial institution and 1.6% in Canara Financial institution, in response to Trendlyne.
Titan Firm shares ended Friday’s session at Rs 3,718, down 1.44% on the NSE. The inventory has delivered a stellar 200% return over the previous 5 years, cementing its standing as considered one of India’s most constant multibaggers.
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