Growth Prospects Remain Intact

The fifth largest watch manufacturer in the world, Titan Company in its purview for quarter (Q3) Financial Year (FY)2019 has highlighted a good growth across all its business segments. An aggressive retail network roll-out has helped the company cross the two million sq.ft mark during Q3. Titan’s retail network has around 1,600 exclusive stores and it has added another 40 stores in the first half (H1)FY2019 on a net basis. The management in its Q3 update has cited healthy growth due to robust customer demand in the festive season. An analyst tracking the company at ICICI Direct said, “We anticipate H2FY2019 revenue growth to be significantly better (as compared to 17 per cent growth in H1FY2019) as Q3FY2019 is predominantly expected to be driven by strong festive demand while Q4FY2019 is expected to be supported by higher number of wedding dates.”  Financial...