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Led by a robust recovery in the jewellery segment, Titan posted 17 per cent growth in consolidated revenues for the December quarter (Q3). The return to positive territory, after three consecutive quarters of decline, was aided by a 16 per cent year-on-year (YoY) jump in core jewellery sales.
Bullion and coin sales, too, were strong, taking the overall segment sales up 22 per cent. The recovery was led by festival demand, with the studded segment witnessing good growth. Walk-ins into stores saw an uptrend, with footfalls in metros rising.
The management remains confident on growth; jewellery sales in January rose 28 per
