Titan Company has reported an over two-fold jump in sales in the April-June quarter of this fiscal, helped by the low base of last year due to the nationwide lockdown at the onset of the COVID-19 pandemic. Segments like jewellery reported almost 107 per cent growth ‘primarily due to zero sales in April of last year’. The Company recorded revenue growth of 117 per cent (excluding bullion sales) in Q1FY22, with revenue contribution of approx 50 per cent, 10 per cent and 40 per cent coming from April, May and June months respectively.
During the April-June quarter this year, the company's sales were hit only to a small extent until the third week of April, after which there was a sharp rise in COVID cases due to the second wave of the pandemic. This year, Watches & Wearables and Eyewear segments have also witnessed rapid recovery in walk-ins with the re-opening of stores, which was seen in only Jewellery division last year.
Titan Company is an Indian designer and manufacturer of watches, jewellery, precision engineering components and other accessories including sunglasses, wallets, bags and belts.
Company Name | CMP |
---|---|
Titan Co | 3610.00 |
Kalyan Jewell.India | 421.55 |
Rajesh Exports | 317.00 |
Sagar Diamonds | 32.00 |
Senco Gold | 960.55 |
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