Titan's jewellery biz sees ~15% growth during the festive season

Titan Company Limited (Titan) is India’s leading producer and retailer of watches, jewellery, eyewear and accessories.

Nov 19, 2020 05:11 IST India Infoline News Service

Titan Company
Titan Company Limited, a leading producer and retailer of watches, jewellery, eyewear and accessories, provided a business update to the exchanges on Thursday. 

The company said that it saw good traction across all its businesses in the festive season. It siadstudd that the company's jewellery business witnessed a spurt of around 15% in the festive season starting from Dussehra.

This mid-teen growth lasted until Diwali, and was much greater in comparision than in the corresponding period last year. Titan's studded jewellery sales, too, saw a decent recovery, company informed via the update. 

The watches and wearables business also did fairly well in the festive season with recovery close to last year's levels, it said. Titan Company's eyewear segment also witnessed good traction in the same period.

Titan rose by 2.45% to Rs1,311.05 per piece from its previous closing of Rs1,279.65 on Sensex, at around 11.42am. 

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