NEW DELHI, Feb. 19 -- Sales growth is back at Titan Co. Ltd. The jewellery retailer's standalone operating revenues (excluding bullion sale) for the December quarter rose by 12% year-on-year.
Note that revenues have increased after three straight quarters of decline.
Titan derives a lion's share of its revenues from the jewellery business, which understandably suffered a setback owing to the covid- 19 restrictions in previous quarters. In the December quarter, jewellery revenues excluding bullion grew 16% y-o-y, boosting overall growth.
What's more, the company told analysts in its post-earnings conference call that retail jewellery revenue for January increased by 28% y-o-y. That's nothing to sneeze at. Even so, it's worth remembering t...