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Tata Group company Titan said in its quarterly business update on October 4 that it has registered revenue growth of around 25 per cent year-on-year in the second quarter of FY 2025. The Tata Group company said that a total of 75 stores have been added during this period, taking Titan's total combined retail network presence to 3,171 stores.

 

The company said that the jewellery division sales growth was 26 per cent in the second quarter. After the custom duty on gold import was reduced from 15 per cent to 6 per cent, there has been a huge increase in consumer demand, which has led to strong double digit growth in gold in the quarter.

 

The domestic business in the watches & wearables segment witnessed a growth of around 20 per cent on an annual basis. Revenue growth in the analog segment was around 25 per cent on an annual basis. The domestic business of iCare grew by around 6 per cent on an annual basis. The company's emerging business sales growth in Q2 was 14 per cent. While sales growth in the Caratlane division was 28 per cent in Q2. The company said that Titan I+ opened 2 new stores in India during the quarter. On Friday, the company's stock closed at Rs 3,692 with a gain of 0.46 per cent. In the last one year, the company's stock has seen an increase of 16.59 per cent.

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