Titan Company Ltd.

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.