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.
| Company Name | CMP |
|---|---|
| Titan Co | 4205.35 |
| Kalyan Jewell.India | 385.45 |
| Rajesh Exports | 116.30 |
| Senco Gold | 334.00 |
| Thangamayil Jeweller | 4006.05 |
| View more.. | |
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