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Titan Company reports 25% growth in revenues in Q4FY23

10 Apr 2023 Evaluate

Titan Company has recorded another quarter of healthy double-digit growth across all of its key businesses. The revenues grew by 25% Year-on-Year (YoY) aided by higher growth contributions from Watches & Wearables and Emerging Businesses. The base quarter of Q4FY22 carried the adverse impacts of partial lockdowns due to the Omicron wave and weak consumer sentiments caused by a fragile geo-political situation due to onset of Russia-Ukraine war.

Its Jewellery division clocked 23% YoY growth over a partially disrupted base quarter of Q4FY22. The robust performance was majorly led by buyer growths, both new and repeat, and increase in ticket size. Its Watches & Wearables division grew 41% YoY where growth was underpinned by strong growth in analog watches segment and almost tripling of Revenues from wearables. EyeCare division recorded a healthy sales growth of 22% YoY. The network expansion carried out during the course of the year helped Titan Eye+ stores achieve healthy double-digit growth YoY.

Titan Company is an Indian designer and manufacturer of watches, jewellery, precision engineering components and other accessories including sunglasses, wallets, bags and belts.

Titan Co Share Price

4205.35 -308.05 (-6.83%)
11-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Titan Co 4205.35
Kalyan Jewell.India 385.45
Rajesh Exports 116.30
Senco Gold 334.00
Thangamayil Jeweller 4006.05
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