4 July 2018 Jewellery division witnessed muted sales in 1QFY19 due to weak demand for adornment, in line with industry. Sales were good during the Akshaya Tritiya period, but demand weakness over the remainder of the quarter dragged overall sales below the companys own expectations. A high base (54% YoY growth in 1QFY18, including one-off impact of advance sales of INR2.5b in anticipation of GST) also took its toll. In 1QFY19, TTAN added 10 new stores (24k sq. (a range of traditional South Indian jewellery) during the quarter. Watches segment continued its growth momentum in 1QFY19, led by a continued focus on new designs and increased marketing spends. Prescription eye wear and sunglasses businesses witnessed good sales growth during the quarter post the introduction of innovative products at competitive prices and supported by marketing spends. The division added nine new stores (6,000 sq.