Titan Company Ltd. claimed that it witnessed powerful revenue growth for the third straight fiscal year, though the industry is struggling with liquidity contraction and sky-high gold prices.
“Growth has now become broad-based across divisions, reflecting our ability to adapt and recraft according to market needs,” India’s largest branded jewelry maker by market value said in its quarterly update on the stock exchanges.
Titan, that expects sales to grow at 21 percent for the financial year ended March 2019, has also been able to keep its operating margin above 10 percent for four quarters in a row.
The share Of the company at the time of writing the report was Rs. 1109.30 up by 0.35 percent on the national stock exchange end-user page.
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