Indian jeweller and watchmaker Titan Company said on Monday it estimated a 24% rise in third-quarter revenue, buoyed by domestic festive demand for jewellery. Strong consumer traction during the festive season translated into high single-digit percentage buyer growth in the jewellery segment,

The domestic EyeCare segment posted 17 per cent growth led by retail and e-commerce, both on revenue and buyers, it added.

Shares of Titan Company rose 2.3% to Rs 3,527.20 on BSE. The surge followed a 24% year-on-year growth in its standalone business for the December quarter. The jewellery segment reported a 26% sales growth.