Titan Reports 20 Pc Revenue Growth In Q2, Jewellery Division Reports 19 Pc Revenue Growth

During the recent period, the Jewellery Division added 39 stores, resulting in a total of 598 stores. Additionally, the Watches & Wearables (W&W) Division's domestic business experienced a growth of 32 percent, which included a 22 percent increase in Analog watch sales and over a two-fold increase in Wearables sales.

Leading jewellery and watchmaker Titan on Friday reported a 20 per cent growth in standalone revenue for the second quarter ended September 30, 2023.

During the period, it added 81 stores across verticals, taking the group's retail presence to 2,859 outlets, according to a quarterly update by Titan.

Its jewellery division reported a revenue growth of 19 per cent.

Building on the positive first quarter momentum, domestic consumer sales (secondary) exhibited strong year-on-year growth and were led by double-digit increase in buyers and ticket sizes.

Moreover, as part of its global expansion, its jewellery brand Tanishq expanded its Gulf Cooperation Council (GCC) presence by entering Qatar and adding two new boutiques in Doha.

The Jewellery Division added 39 stores, taking the total count to 598.

The Watches & Wearables (W&W) Division's domestic business grew 32 per cent. This comprises 22 per cent growth in the Analog watches and over two-fold growth in Wearables.

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