Titan's revenue growth has been “impacted severely”

Watch and jewellery maker Titan Company on Thursday said its January-March quarter revenue growth has been “impacted severely” following disruptions on account of Covid-19. The company said its revenue from its jewellery division declined by 5 per cent due to “lost sales” in March. It had a revenue growth of 16.5 per cent in January and February.

The company further said it is working out its strategy to manage this crisis with particular focus on ensuring adequate liquidity is available till normalcy returns. “Cost will be another major focus area for the company in these trying times,” Titan said. The company said sales of jewels division was picking up till the disruption on account of Covid-19. The company had closed all stores from March 22, following a nation-wide lockdown announced by the government.