BSE data shows that Rekha Jhunjhunwala, wife of the late market legend Rakesh Jhunjhunwala, now owns 4.7 crore shares in Titan. The Jhunjhunwala family first invested in the company between 2002 and 2003, when Titan was a struggling Tata venture and its shares traded in mere double digits. What began as an investment worth just a few crores eventually turned into the cornerstone of the Jhunjhunwala family portfolio.
Over the years, the family’s stake in Titan has risen steadily, stabilising around 5.3%, and remains their largest listed equity investment, primarily under Rekha Jhunjhunwala’s ownership. The total value of this holding is estimated at over Rs 17,000 crore, according to Trendlyne.
Just two weeks ago, Rekha Jhunjhunwala’s notional wealth in Titan swelled by nearly Rs 739 crore within minutes, after the stock jumped around 5% on the back of a strong Q2 business update. While the gains are on paper, they reaffirm Titan’s enduring status as a bellwether of India’s consumption story and a pillar of the Jhunjhunwala investment legacy.
In its latest quarterly update, Titan reported broad-based growth across segments. The domestic business expanded 18% year-on-year, while the international division surged 86%, driven by robust demand in the U.S. and GCC markets. Its flagship jewellery brand Tanishq added a new store in Virginia, USA, during the period.
The jewellery segment remained the key growth driver, rising 19% year-on-year. Within this vertical, CaratLane led the charge with 30% growth, outpacing Tanishq, Mia, and Zoya, which grew 18%. The company expanded its retail presence with 34 new jewellery stores, taking the total to 3,377 outlets, along with 15 new watch stores, five eyewear outlets, and one new international store.The emerging businesses division, which includes Fastrack, Skinn, Taneira, and Irth, posted a strong 37% growth. Fragrances rose 48%, women’s bags surged 90%, aided by a wider retail network, while Taneira grew 13%. Irth added two new stores in Delhi and Kolkata, even as Taneira shut two during the quarter.The Jhunjhunwala family’s association with the Tata Group runs deep. Apart from Titan, they also hold stakes in Indian Hotels Company Ltd, Tata Communications, and the newly demerged Tata Motors Passenger Vehicles Ltd.
Beyond Tata companies, Rekha Jhunjhunwala holds over 40% in Aptech, and stakes of 2.4% in Federal Bank and 1.6% in Canara Bank, according to Trendlyne.
Titan Company shares ended Friday’s session at Rs 3,718, down 1.44% on the NSE. The stock has delivered a stellar 200% return over the past five years, cementing its status as one of India’s most consistent multibaggers.
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