On the again of a vibrant festive season, Tata Group – Titan Firm has recorded 12 per cent progress in its standalone enterprise within the December quarter, led by wholesome client demand.

“The optimistic client sentiment helped all classes clock wholesome double-digit growths regardless of a excessive base in the identical interval of final yr,” as per the quarterly replace by Titan for Q3 FY23.

The main jewelry and watchmaker agency additionally continued community enlargement by including 111 shops in October-December, taking the whole quantity to 2,362 on the finish of the quarter.

Titan Jewelry, in the course of the quarter, achieved 11 per cent year-on-year (YoY) progress. Jewelry phase usually contributes greater than two-thirds of its income.

“Wholesome new purchaser growths within the festive interval, higher-value purchases within the studded class and distinctive new collections for the season helped the division obtain an 11 per cent progress YoY (excluding bullion gross sales),” stated Titan.

Gross sales from the studded class reasonably outpaced the gold jewelry (plain) phase. Marriage ceremony gross sales grew in step with the division’s general gross sales, it famous.

As a part of its world enlargement, Titan opened its first worldwide boutique retailer of Tanishq in New Jersey, US in December 2022.

“With this retailer opening, the worldwide presence now spans 6 shops throughout Dubai, Abu Dhabi and the USA. The brand new retailer enlargement (internet) for the quarter consisted of 8 shops in Tanishq and 14 in Mia by Tanishq,” it stated.

Its ‘Watches & Wearables’ phase reported 14 per cent progress Y-o-Y. This was led by “robust traction” within the wearables house.

“A slew of thrilling product launches within the fiscal yr resulting in the festive season contributed effectively to greater than tripling gross sales from the wearables sub-segment within the quarter in comparison with the identical interval final yr,” it stated.

Within the eye care phase, the corporate stated gross sales from Titan Eye+ shops and commerce and distribution channel noticed progress in-line with the general division.

“EyeCare expanded its nationwide presence including 36 new shops in Titan Eye+ (internet) for the quarter,” it stated.

Fragrances and Vogue Equipment (F&FA) grew 39 per cent Y-o-Y. This was pushed by 50 per cent progress in fragrances and round 21 per cent progress in style equipment, the replace stated.

Its Indian costume put on enterprise Taneira expanded by 150 per cent Y-o-Y, pushed by new retailer openings and wholesome double-digit progress from current shops.

“The shopper response in the course of the festive season was fairly encouraging. The model opened 5 new shops in the course of the quarter, taking the whole retailer depend to 36 protecting 17 cities pan-India,” it stated.