Titan bets on studded jewellery, premium watches and eyewear to drive growth
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Titan Company reported strong revenue and profit growth in the September quarter, driven by studded jewellery and premium watches.
- ✓Shares rose 3.6% over three trading sessions after the results on Thursday.
- ✓The firm expects buyer growth to improve as gold prices stabilise and the prolonged wedding season attracts more customers.
Story at a Glance
- Category
- Indian Markets
- Reported By
- The Economic Times
- Reading Speed
- 7 Minute(s)
- Market Focus
- India Economy
Synopsis
Titan’s strong Q2 performance, driven by studded jewellery and premiumisation, is expected to sustain earnings growth, with gold price stability and a prolonged wedding season likely to revive buyer growth.
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ET Intelligence Group: Titan Company reported strong revenue and profit growth in the September quarter, supported by buoyancy in studded jewellery despite flat buyer growth. The watches-to-jewellery-to-eyewear company expects buyer growth to improve as gold prices stabilise, aided by a prolonged wedding season. Lower-carat and lightweight jewellery offerings are also helping attract value-conscious consumers.
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The Economic Times
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