Rakesh Jhunjhunwala is one of the Big Bulls of the Indian Stock Market and BSE. He owns a 5% Stake in Titan Company along with his wife Rekha Jhunjhunwala.
1. Jhunjhunwala asked about the growth of Fastrack with Titan's management after Tata Group Q1 Results (June)
2. Rakesh Jhunjhunwala inquired about the reasons behind the massive growth of Fastrack after the release of its Handbags exclusively/
3. Titan Management said that Fastrack has worked and grown well in Q1 as compared to last year since the Growth is resulting to 120%.
4. Thrust and Low prices of their entry products have played a big role, and Smartwatches offered by Fastrack also performed well.
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5. Two Products offered by Fastrack - Fastrack Walk and Smartwatches are the best performers.
6. Management told Jhunjhunwala, that they are going to open a Fastrack Offline outlet to grab the eyeballs of youth.
Fastrack New Stores
IMAGE COURTESY: LIVE MINT
7. The all-new Fastrack store will be opening in Bengaluru which will result to its 25 Exclusive stores in the city.
25 FASTRACK STORES
IMAGE COURTESY: JUSTDIAL
8. Titan has shown an income of 183 Crores for Q1 and173 a % Increase.
TITAN's Profit in Q1 2022
IMAGE COURTESY: INDIA TODAY
9. Value of Jhunjhunwala's stake in Titan as per June q1 will be 10911 Crores.