Titan Sales Up By 205% In The First Quarter Of FY2023

TeknikalRaman

Money & Finance

POSTED BY: Ranjeet Kumar PUBLISHED: 7th July, 22

titan jewelry

The TATA  group from Titan stated on Wednesday that their sales for the first quarter of FY2023 is up by 205%.

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The dramatic increase in sales is also supported by the low base of the last FY2022 where the sales were effected by COVID19.

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Titan in engaged in selling multiple luxury products but the jewellery division contributes the most in their revenue.

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The jewellery division of Titan saw 207% of growth and they increased their jewellery stores by 19 now they have a total jewellery stores of 463.

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Titan is also engaged in other businesses like Fragrances & Fashion Accessories, Indian Dress Wear etc also reported growth

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TATA owns 25.02 per cent stake of Titan and the state government owns 27.88 per cent stake in the company.

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