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Titan hits record high as Q1 momentum reinforces FY30 growth ambitions
Titan shares hit a record high after management said Q1 growth momentum continued into July, supporting FY30 ambitions. Ola Electric faced concerns over falling revenue and cash burn, while Crompton’s earnings were overshadowed by supply constraints and estimated lost sales.
Reported figures
From the report. Source details below
| Ola Electric Q1 FY27 net loss was | Rs 336 crore |
|---|---|
| Ola Electric core-operations revenue fell 45% year-on-year to | Rs 455 crore |
| Crompton Greaves Consumer Electricals Q1 net profit rose 15% to | Rs 140 crore |
| Crompton revenue rose 12% to | Rs 2,235 crore |
Also in the report
- Jewellery contributes about 90% of Titan revenue
- Titan targets doubling consolidated revenue and operating profit by FY30 versus FY26
- Crompton supply constraints were estimated to cause about Rs 200 crore in lost sales
Other figures
- Titan shares rose 2.44%