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Bloomberg Quint

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Image Credit: Bloomberg Quint

Titan Q1 Update: Consumer Business Rises 20%, Adds 10 New Stores

  • Titan Co. reported a 20% growth in its consumer business in the first quarter ending in June, with its domestic jewellery division contributing significantly to revenue.
  • The company added 10 new stores during the quarter, bringing its total retail network presence to 3,322 stores.
  • The watches and wearables division saw a 23% growth in domestic business, with Sonata leading the growth followed by Titan and Fastrack.
  • Despite some impact from gold price volatility affecting consumer sentiment, the company's various divisions such as fragrances, women's bags, and international business saw notable growth.

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