Sunday, 8 January 2023

Titan

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

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