India's Titan estimates 24% rise in Q3 revenue on booming jewellery demand
Indian jeweller and watchmaker Titan Company said on Monday it estimated a 24% rise in third-quarter revenue, buoyed by domestic festive demand for jewellery. Strong consumer traction during the festive season translated into high single-digit percentage buyer growth in the jewellery segment,
Titan Co Registers 24% Growth in Q3 on Strong Festive Demand
The domestic EyeCare segment posted 17 per cent growth led by retail and e-commerce, both on revenue and buyers, it added.
Titan registers 24% growth in Q3, jewellery segment up 25%; shares gain
Titan Company Ltd. shares spiked over two percent in the morning deals to become the top gainer on the Nifty 50 index as the firm registered a growth of 24 percent on-year for the
Titan shares climb over 2% as festive demand fuels 24% standalone sales growth in Q3
Shares of Titan Company rose 2.3% to Rs 3,527.20 on BSE. The surge followed a 24% year-on-year growth in its standalone business for the December quarter. The jewellery segment reported a 26% sales growth.
Titan Business Update: Q3 growth seen at 24%; Jewellery segment grew 26%
Titan's Watches & Wearables domestic business saw 13% growth compared to last year. The analog segment grew by 19%, while the Wearables saw a drop of 20% from last year.
Decoding Titan and Kalyan's stellar growth in jewellery sales
Players in the jewellery space have strategically shifted focus to manufacturing lightweight pieces to cater to the preferences of younger consumers, especially those who desire daily wear gold jewellery that complements western-style attire,
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