Titan said its store addition pace was strong as well. Retail network continued the pace of expansion adding 105 stores for the quarter. Maximum addition – at 35 stores – was for its eyecare business while jewellery and watch business followed with 25 and 23 stores, respectively.
The Company witnessed healthy double-digit growth across most businesses with overall sales growing 18 percent YoY (year-on-year),” Titan said in a regulatory filing.
At 9:56am, the stock was trading 5.18 percent higher at Rs 2728 apiece on the BSE, while the benchmark Sensex was at 58,132.09, down 90.01 points or 0.15 percent.