Titan Sales Rise over Diwali Season

RAPAPORT... Same-store jewelry sales at Titan Company grew during the thirdfiscal quarter, signaling strong demand for branded jewelry during the Diwali and Dussehra festivalperiod, the Indian retailer said. "Customer demand was buoyant in the festive season ofDiwali-Dussehra," the company noted in a trading update Friday. "Expansion ofthe store network continued as planned, to benefit from the rising aspirationsof the consumers in middle India to shop from the leading brands." Titan expects jewelry sales to rise 22% for the full fiscal year to March 31. It has yet to release its complete sales data for the third quarter ending December 31.Image: Titan jewelry. (Titan Company)