Titan Company: Titan Company reports 18% sales growth in Q2FY23, adds 105 stores during the quarter. The company witnessed healthy double-digit growth across most businesses with overall sales growing 18% YoY. The firm has continued its retail network expansion with addition of 105 stores (net) for the quarter ended September FY23. Its jewellery division grew 18% YoY on a high base of Q2FY22, while watches & wearables segment clocked 20% growth YoY. Subsidiary Titan Engineering & Automation registered 139% YoY growth with automation solutions division reporting 240% YoY growth, and aerospace and defence division clocking 66% growth. Another subsidiary Caratlane reported 56% YoY growth in business driven by promotions around Raksha Bandhan and hero launches during the quarter
Source - MoneyControl