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Recovery of Titan's jewellery business in Q1 fails to enthuse Street

Muted demand for high-value studded products a major concern

Topics
Titan Q4 results | Titan Company | Titan Eyeplus

Shreepad S Aute  |  Mumbai 



Titan, Titan watch, titan jewellery, Titan q2
Apart from jewellery, most of other businesses including watches, where recovery rate is up to 35-40 per cent, are still away from normalcy

In its first-quarter update for FY21, after market hours on Tuesday said its jewellery business in June reached 70 per cent of the year-ago level, and 83 per cent of its stores across all businesses were now open. But, the Street wasn't impressed and the stock fell 2.6 per cent on Wednesday; the Sensex was down 0.8 per cent. According to the update, Titan's jewellery revenue in May was slightly below 20 per cent of the year-ago level.

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First Published: Wed, July 08 2020. 17:51 IST

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