Titan Company Ltd.

Titan Company has reported nearly three-fold jump in its sales in the first quarter April-June quarter on a year-on-year basis, helped by a low base of the Covid-19 impacted quarter in the last year. Its network expansion and campaigns continued to progress well throughout Q1FY23, which was the non-disrupted first quarter in the last three years.

While, its Jewellery division, which contributes around 85% of its revenue, reported 207% growth and added 19 new stores during the quarter, taking the total count to 463. Its Watches & Wearables Division achieved its highest ever quarterly revenue in Q1FY23 growing 158 per cent YoY with healthy growth witnessed across all brands and products.

The company’s EyeCare Division reported a growth of 176 per cent YoY, which was led by its retain chain store, Titan Eye Plus (TEP) and Trade & Distribution channels. Titan's Other Businesses which include Fragrances & Fashion Accessories, Indian Dress Wear etc also reported growth.

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