Published
Apr 7, 2023
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Titan sees sales increase by 25% in Q4

Published
Apr 7, 2023

Titan Limited reported a year-on-year revenue growth of 25% across its key businesses for the fourth quarter of the 2023 financial year which ended on March 31. The business noted progress in its brick-and-mortar expansion and watch sales during the quarter. 

Titan's Tanishq specialises in traditional style gold jewellery - Tanishq- Facebook


At the end of the fourth quarter, Titan had 2,710 stores both in India and internationally and the business is continuing to expand its retail footprint, the Economic Times reported. This expansion has helped to maintain its growth momentum in the recent quarter. 
 
Titan Limited saw watch and wearables sales lead its growth trajectory during the fourth quarter with 41% year-on-year growth as well as sales from its emerging businesses. Jewellery sales saw 23% year-on-year growth during the fourth quarter of the 2023 fiscal, according to Titan. The business reported an increase in its buyers, both new and repeat, as well as an increase in the total bill per transaction. 

The double digit growth was on a relatively low base as the fourth quarter of the 2022 financial year included disruptions such as partial lockdowns which had affected sales. In the fourth quarter of the 2023 financial year, January and February witnessed strong consumer sentiment but high gold prices led to more muted demand in March.  

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