Growth prospects remain strong for Titan after good Q4 performance

Standalone jewellery sales for the firm were up 24 per cent year-on-year (YoY) on a slightly lower base and aided by like-to-like growth of 19 per cent

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The company indicated that it would be able to maintain standalone jewellery margin at 12.5-13 per cent in FY24 as compared to 13.7 per cent in the last financial year

Ram Prasad Sahu

3 min read Last Updated : May 04 2023 | 8:38 PM IST

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Titan posted better than expected revenue growth in the March quarter of the financial year 2022-23 (Q4FY23), powered by strong demand trends in the jewellery and watch segment.

Standalone jewellery sales for the firm were up 24 per cent year-on-year (YoY) on a slightly lower base and aided by like-to-like growth of 19 per cent. The company highlighted that new buyer growth was at 15 per cent while average ticket size was up 8 per cent. The four-year growth for the jewellery segment remains at a robust 24 per cent at the end of Q4FY23.

A positive in Q4 is

Topics : Q4 Results Titan Compass

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