by Benzinga -
Titan (NS:TITN)‘s share price was wobbly on Monday morning even as the company posted a strong business update for the quarter ended September. The update received mixed reactions from brokerages.
What Happened: The Tata Group company reported a growth of around 25% in the September quarter. The jewellery giant opened 75 new outlets during the quarter, taking its total retail network to 3,171 stores.
The jewellery division saw a strong 26% year-on-year growth. The watches and wearables segment also performed well, growing 20%. In the EyeCare division, growth was more moderate at 6%, with two new stores added during the period. Meanwhile, emerging... Continue reading the full story on Benzinga