Mangalam Maloo
Mangalam Maloo

@blitzkreigm

5 Tweets Jan 09, 2023
TITAN
Insane resilience in the business!
Strong Q3 Update:
- Good Growth on a High Base, Strongest growth in New Businesses
- Total Sales +12% in Q3, Total Store Adds at 111
This, at a time when other companies are struggling to get double digit growth!
1/5
#FMCGisLife #Titan
TITAN Q3 Update
Jewellery Biz:
- Grows 11% on a base of 37% growth last year
- Jewellery Biz grows ~24% QoQ
Co Says:
- Sales from studded category moderately outpaced gold
- Saw health new buyer additions and higher value purchases
- Adds 22 new Jewellery stores in Q3
2/5
TITAN Q3 Update
Other Businesses:
- Watches:
Revenue +14%, Strong traction in Wearables
- Eyewear: Sales grew 10%
- Caratlane revenue +50%, Studded Share at 75% of Total Business ​
3/5
#FMCGisLife #Titan
TITAN Q3 Update
And here's my favorite part:
- Fashion & Fragrance +39%
- Taneira Sales +150%
- Taneira store count at 36
Smaller verticals of the company are growing at an insane pace. The company has tall targets for these businesses. Good to see them get traction here.
4/5
TITAN
... and for everything beyond the Q3
Here's a conversation with the MD & CEO of the company on their plans for the future
@TitanCompanyLtd #Titan #StockMarket #FMCGisLife @CNBCTV18Live @CNBCTV18News
youtu.be
5/5

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