Titan’s revenue surges 60%, salaries restored
The Hindu
‘Consumer sentiment improving’
Titan said it recorded a strong revenue growth of 60% for the overall fourth quarter on a low base in March 2020 as the impact of the pandemic on consumer sentiment seemed to fade away in the early part of Q4. Revenue grew by more than 36% in the comparable January & February months, Titan said in a regulatory filing on Wednesday. According to the company, the wedding jewellery segment was the growth driver in the fiscal and its share in overall jewellery revenue had increased meaningfully, compared with last year. Efforts to increase market share of Tanishq have brought in good results. For instance, Tanishq witnessed strong growth in Tamil Nadu which has traditionally been a stronghold of regional jewellers.More Related News