Titan Company down 3% as Jewellery biz crawls in Q4 amid rising gold prices

The plain jewellery category bore the brunt of gold volatility in March 2022 leading to a slight decline for the quarter

Shares of Titan Company declined 2.8 per cent to Rs 2,468 apiece on the BSE on Thursday after the company reported sluggish growth in its jewellery business in March quarter of FY22 (Q4FY22).

At 10:45 AM, shares of the Tata Group company were quoting at Rs 2,479, down 2.5 per cent, on the BSE. In comparison, the BSE Sensex was at 59,163, down 0.75 per cent.

The company's Jewellery Division ended the volatile quarter on a flat note over a strong Q4FY21 base. Business saw subdued activity in top cities due to the Omicron wave in January 22, a very