Titan highlighted in its quarterly pre result update for Q3FY19 that the company continued to execute well across all its businesses on the back of well laid out strategies for each of its businesses. The highlights from the press release are as below:
Jewellery segment – customer demand was buoyant in the festive season
The division continued to witness strong same stores growth (SSSG), reflecting continuing market share gains. Expansion of the store network continued as planned to benefit from the rising aspirations of the consumers to shop from the leading brands. Customer demand was buoyant in the festive season of Diwali-Dussehra. Company expects the full year growth in Jewellery business to be ~22%.