Titan says reopened 83% stores in Q1, Tanishq outlets lead pack at 95%

Sales recovery in non-metros better than metros

Jewellery major Titan on Tuesday said that it had reopened 83 per cent stores across all its businesses as of end of June. The disclosure was made in its quarterly update for the April-June (Q1) period. Apart from jewellery, the company makes watches, eye wear and other accessories. 

In Tanishq, Titan's jewellery division, stores reopened were higher, at 95 per cent, in Q1, the firm said, though revenue in May and June was below 20 per cent in the unit. Titan gets 80 per cent of its total revenue from the jewellery division. 

While sales recovery in June, at an overall level,