INSUBCONTINENT EXCLUSIVE:
Bengaluru: Titan Company said sales across consumer segments were hurt due to protests against the new citizenship law that forced store
Citizenship Amendment Act (CAA), which came into force last month, has faced fierce opposition across India but has seen more unrest in few
states including Assam.
The company that sells the eponymous watch brand and Tanishq said it witnessed contrasting performance for each of
Retail sales in jewellery were better than expected at the beginning of the quarter, possibly due to a good wedding season and reasonable
inelasticity of wedding jewellery, but growth in watches and eyewear were difficult to come by.
In the watches and wearables division, the
growth for the third quarter was flat compared to the previous year
The company, in the previous quarter, had said it trimmed its FY20 guidance for revenue growth in its watches division to account for the
said in the quarterly update.
Last week, consumer products firm Marico, in its quarterly update, said consumption trends during quarter
ended December belied expectations of the beginning of a revival in sentiment which were built on the back of good monsoons and announcement
of various government measures.