12% growth on such a strong n high base which had pent up+revenge spending+jewellery shopping post unlock
Emerging biz growth of 78% is just too good Solid solid traction Amazing execution from Titan.Insane resilience in the business!
Strong Q3 Update:
- Good Growth on a High Base, Strongest growth in New Businesses
- Total Sales +12% in Q3, Total Store Adds at 111
This, at a time when other companies are struggling to get double digit growth!
Jewellery Biz:
- Grows 11% on a base of 37% growth last year
- Jewellery Biz grows ~24% QoQ
Co Says:
- Sales from studded category moderately outpaced gold
- Saw health new buyer additions and higher value purchases
- Adds 22 new Jewellery stores in Q3
And here's my favorite part:
- Fashion & Fragrance +39%
- Taneira Sales +150%
- Taneira store count at 36
Smaller verticals of the company are growing at an insane pace. The company has tall targets for these businesses. Good to see them get traction here.
Delivers a healthy double digit growth YOY despite a very high base
All segments grows in double digits
Jewellery
11%
Watches
14%
Eyecare
10%
Emerging business
75%
Taneria
150%
F&FA
39%
Consol:
Engg
58%
Caratlane
50%
129 new stores







