Titan sees good business in fourth quarter of FY17

Recovery in consumer sentiment key reason for sales improvement, it says, ahead of results

In a quarterly update on Tuesday, watch and jewellery major Titan said the demand scenario in the March quarter for the firm had improved and sales across its divisions had been good, pointing to a strong earnings period ahead of its Q4 results. 

The Bengaluru-based major, whose FY16 net sales were Rs 11,277.9 crore, derives 75-80 per cent of its revenues from branded jewellery and the rest from largely watches, eyewear and accessories. It is yet to disclose the date of announcing its Q4 earnings to the stock exchanges.

“Cost control, along with strong growth in the top line and gross margins,