The company’s underlying demand continued to be robust across all of its businesses with most segments posting yoy growth on the back of a very strong Q421 base.
It posted 12% yoy growth in the watches & wearables segment with 34 new store additions in Q4FY22 and 843 stores in FY22. While eyecare business jumped nearly 5% yoy with 51 store additions in Q4FY22 and 733 new stores in FY22.
Other businesses registered a growth of 23% yoy with 4 new stores during the quarter and 20 stores during the financial year. Whereas, the company’s jewellery business witnessed a decline of 4% yoy. It added 16 new jewellery stores during Q4FY22 and 444 stores during FY22.
Titan Company ended at Rs2,458.95 down by Rs82.3 or 3.24% from its previous closing of Rs2,541.25 on the BSE. Its scrip has touched intraday high and low of Rs2,546.50 and Rs2,452.50 respectively.
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