Though reported revenue in Watches business grew by 4.7% YoY to Rs5.3bn, revenue growth on comparable basis stood at 11% with 11% volume growth, marking the highest in past 23 quarters. Titan has passed on the benefits of lower GST of 18% (reduced from 28%) to the consumers. Segmental margins rose by 500bps YoY to 15.5% leading to 56% YoY growth in Watches business' EBIT to Rs826mn. Revenue growth in Eyewear business remained flat due to...