Titan Co. Ltd released its quarterly update for the June quarter (Q1FY22) and said revenues surged 117% year-on-year. Based on the update, June quarter revenues work out to around Rs2,750 crore. Note that year-on-year growth this time around was helped by a favourable base. Note that sales in the month of April last year were zero, aided year-on-year growth numbers owing to lower base this time around. What offers some comfort is that Titan’s watch business has shown good recovery with a 280% year-on-year growth.

Source: Mint July 07, 2021 05:14 UTC