Tata Group’s Titan posts record sales growth in Q3! – Corpradar

Tata Group’s Titan posts record sales growth in Q3!

Titan Limited reported a 12% year-over-year increase in consolidated sales from its standalone business in the third quarter of 2023. 

The Tata Group company benefited from positive consumer sentiment and continued network expansion in the quarter.
“Numerous exciting product launches in the fiscal year ahead of the festive season contributed to a more than tripling of sales in the wearables sub-segment in the quarter compared to the same period last year,” Titan ET Bureau said in a statement. reported 

Except for wearables, all of Titan’s product categories recorded double-digit bottom-line growth in the third quarter of fiscal 2022, according to the company. 

By the end of the previous quarter, on December 31, Titan Limited had a total of 2,362 brick-and-mortar stores.
The turnover of the jewelry segment of the business increased by 11% in the third quarter compared to a year earlier. Wearables led the way with 14percent growth, and the corporate eye care segment grew 10 percent, the Economic Times reported.
Titan Limited is expanding its retail network by opening eight new Tanishq jewelry stores and one new Titan Limited store.
new “Mia by Tanishq” stores during the last quarter. Titan also added two new players.

In the eye care segment, sales from Titan Eye stores and trade and distribution channels increased across the division, according to the company. EyeCare “expanded its nationwide presence by adding 36 new Titan Eye stores during the quarter,” it said.

Titan World added stores to its retail portfolio during the quarter. The company believes that this continued retail expansion will drive sales growth.

Get more news and insights about Global Lifestyle Industry here.

Corpradar is a next-gen digital IR 4.0 corporate media house that combines the power of technology with human capital to bring decisive and insight-driven content on key business affairs. In an absolute sense, we create a space for leading business houses and visionary corporate leaders to chime in with their opinions and thoughts on relevant industry-specific matters that provide a detailed expert perspective for our followers.