Titan Company Records 22% Sales Surge to INR 143 Billion in Q3, Driven by Strong Festive Season Demand and Global Expansion Efforts. Profits Also See a 15% Increase to INR 10.53 Billion.

During the period, sales in the jewelry segment, particularly during popular festive occasions like Dussehra, Dhanteras, and Diwali, witnessed robust growth, climbing 22% to INR 127.42 billion. Revenue from the watches division also saw a significant rise, up 22% to INR 9.86 billion.

Titan expanded its presence internationally during this period, opening two Tanishq stores in the US, one in Singapore, and launching its first Mia brand store in Dubai.

Managing director C.K. Venkataraman expressed satisfaction with the quarter's performance, noting that the international store openings received a positive response from both the Indian diaspora and other customers.

For the first nine months of the fiscal year, sales surged by 28% to INR 389.64 billion, while profits improved by 7% to INR 27.25 billion.