Festive sales and pent-up demand push Titan closer to growth in Q3

While jewellery division crosses recovery phase to growth phase, watches & eyewear divisions near full recovery

Riding on the back of festive sales and pent up demand, jewellery-to-watches maker Titan, which had seen a washout of sales in the first quarter of FY21 because of lockdown disruptions, has moved much closer to growth. While the jewellery division has crossed the recovery phase to growth phase, watches and eyewear divisions have also moved much closer to the full recovery.

The jewellery business registered a 15 per cent growth during the 30-day festive period from Dussehra to Diwali in the third quarter as compared to last year, while the watches and wearables segment had a recovery rate of