Titan jewellery shining bright! Tanishq and Titan Eye Plus adding to lustre

Titan Share price: Titan had been expecting a good festive season given the fact that there were signs that customers wanted to feel good by stepping out and shopping after 6 months of being restricted primarily to their homes. Q3 did not disappoint. The Jewellery division has crossed the recovery phase to growth phase and other two large divisions have also moved much closer to the full recovery.

Titan continues to focus on the creation of a combined digital and physical experience by which the customers can discover, engage, and buy products of their choice through the channel of their preference. Brand websites of Tanishq and Titan Eye Plus have added augmented reality for virtual try-out of certain products by customers. Well-being of its store staff and customers continue to be the top priority and the Company is relentlessly maintaining its high safety standards keeping its promise of providing the safest stores in the town.

See Zee Business Live TV Streaming Below:

See Zee Business Live TV Streaming Below:

Titan said that the jewellery industry saw resurgence in the festive season along with a pent up demand for wedding jewellery as most of the weddings in H 1'21 were deferred.

Titan had already announced the 15% growth in the 30-day festive period from Dussehra to Diwali. Fortunately, the growth trend was visible even after the festive season ended and the division has recorded close to 15% growth (excluding sale of raw gold of Rs 334 cr.) in Q3. The quarter also witnessed a well rounded recovery with improvement in walk-ins and pick up of sale in metros, sub 1-lakh category and studded segment. The studded mix in 03 improved though still lower than levels seen in the previous year. The division continued to see a significantly higher share of gold coin sales and very good growth in wedding jewellery sales. Ticket size continues to be higher due to higher gold rates and higher share of wedding related products but 100% recovery in buyers (number of invoices) is yet to be seen.