Titan sees up to 30pc rise in sales
Titan Co, India's biggest listed jeweller, expects its jewellery sales to rise by 20-30 percent in 2017/18 fiscal year ending March, as it plans to add more than two dozen retail stores to boost its presence in small towns, a senior company official said.
"We are planning to add 25 to 30 stores on franchise basis this year on top of existing around 250 stores," Sandeep Kulhalli, senior vice president, retail and marketing at Titan, told Reuters.
Titan shares rose as much as 4.6 percent to a record high of 636.65 rupees on Monday. They have risen 86 percent this year up to Friday's close.
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