Titan Company Ltd.

Titan Company has reported growth across most businesses with overall sales growing by around 12% in Q3FY23 on Year-on- Year (Y-o-Y) basis. Retail network continued the pace of expansion adding 111 stores (net) for the quarter. Its Jewellery division grew 11% YoY in Q3FY23 compared to the same period last year.

Its Watches & Wearables Division grew 14% YoY in Q3FY23, led by strong traction in the wearables space. A slew of exciting product launches in the fiscal year leading to the festive season contributed well to more than tripling sales from the wearables sub-segment in the quarter compared to same period last year.

Sales from Titan Eye+ stores and Trade & Distribution channel saw in-line growth with the overall Division. EyeCare expanded its nation-wide presence adding 36 new stores in Titan Eye+ (net) for the quarter.

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