New Delhi, Jul 8 (PTI) Shares of Tata group firm Titan Company on Tuesday tumbled over 6 per cent as the company's first quarter business update failed to cheer investors.

The stock dropped 6.17 per cent to Rs 3,440.60 apiece on the BSE. During the day, it lost 6.32 per cent to Rs 3,435.

Also Read | Bodoland Lottery Result Today, July 08, 2025: Assam State Lottery Sambad Tuesday Lucky Draw Results Declared, Check Winners List With Ticket Numbers.

On the NSE, it tanked 6.16 per cent to Rs 3,440.

The stock emerged as the biggest laggard among the Sensex and Nifty firms.

Also Read | Kolkata Fatafat Result Today: Kolkata FF Result for July 08, 2025 Declared, Check Winning Numbers and Result Chart of Satta Matka-Type Lottery Game.

The company's market valuation eroded by Rs 20,086.15 crore to Rs 3,05,451.71 crore.

Tata group firm Titan Company saw its consumer businesses grow by 20 per cent year-on-year in the first quarter of this fiscal, according to a regulatory filing by the company.

Domestic jewellery operations grew by 18 per cent in the first quarter, despite the period being marked by gold price volatility affecting consumer sentiments, Titan Company said.

"While the Akshaya Tritiya period saw good traction, the increase in gold prices from May till mid-June saw some softening in customer purchases," it added.

The segment had a net store addition of 19 in India during the quarter, out of which three were in Tanishq, seven in Mia and nine in CaratLane.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)