After Sep quarter recovery, demand uptick key for Titan
While jewellery biz revival is satisfying, it’s crucial that the momentum further improves in festive season
Titan Co. Ltd’s improvement in revenue performance on a sequential basis is encouraging. For the September quarter, jewellery segment revenues declined by 2.3% year-on-year. This excludes sale of bullion worth ₹391 crore in the last quarter. For perspective: jewellery revenues adjusting for bullion sale had fallen as much as 70.8% during the June quarter.
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