It is expected to be a glittering quarter for Titan this time around and that is because of the festive demand, the wedding season and also pent-up demand that the company saw and that is something that the company gave in its Q3 update as well.

Jewellery sales grew around 15 percent odd and which excluded the sale of raw gold of around Rs 350 crore. The management said the studded mix in Q3 improved quarter-on-quarter (QoQ) basis and it is still down year-on-year (YoY).

Watches and wearables division saw 88 percent recovery, eyewear saw 92 percent recovery and CaratLane delivered growth of 39 percent growth for the quarter.

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(Edited by : Bivekananda Biswas)

First Published:Feb 9, 2021 3:58 PM IST