Titan shares jump on strong Q2 growth, analysts maintain their bullish stance

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.

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