Titan Ltd opens 86 stores in Q4, revenue grows 17 percent

Titan Ltd witnessed a year-on-year revenue growth of 17 percent during the fourth quarter of financial year 2024 on the back of retail expansion which saw addition of 86 new stores.

The company opened new stores across categories such as jewellery, watches, eyewear, fashion among others.

Titan’s domestic jewellery business grew by 17 percent while the watches & wearables business reported a year-on-year growth of 7 percent.

The company’s eye care division witnessed a marginal decline of one percent while in emerging businesses Taniera grew 37 percent.

During the quarter, Caratlane’s business grew 30 percent YoY which saw the addition of 10 new domestic stores.

Titan Ltd ended the financial year 2024 with a retail network presence of 3,035 stores.