New Delhi: Tata-owned Titan Company has reported a decline of 23.1 per cent in consolidated profit after tax (PAT) to Rs 704 crore in the quarter ended September 30, as against the consolidated PAT of Rs 916 crore in the same period of the previous fiscal, the company said in a regulatory filing on Tuesday….
Representative image Ethnic wear startup Suta saw its operating revenue increase 33% to Rs 75 crore during the financial year ended March 31, from Rs 57 crore in 2022-23. The Mumbai-based company’s consolidated net profit fell more than half to Rs 73 lakh from Rs 1.5 crore a year ago. The decline in profit was…
New Delhi: Titan eyecare’s CEO Saumen Bhaumik has been appointed as CaratLane’s new Managing Director. Bhaumik’s appointment comes after last year Titan acquired the remaining stake in CaratLane, valuing the firm at Rs 17,000 crore. Following the deal, CaratLane founder Mithun Sacheti made an exit from the business, selling 27.18 his per cent stake in…
Despite rocketing gold prices, Tata Group, which owns jewellery brands like Tanishq, Mia by Tanishq, Cartlane, and Zoya, expects the festive demand to continue to stay positive, Ajoy Chawla, CEO – jewellery division, Titan. He said the consumer sentiments are much higher as compared to the previous year as consumer’s interest in the gold has…
A key employee, who warned about the possible risk the imploded Titan submersible faced before its last voyage, testified on Tuesday that the tragedy could have been averted if had looked into his complaint.David Lochridge, OceanGate’s former operations director, said he was disappointed by the Occupational Safety and Health Administration’s move to not follow through…
Representative image Leading watchmaker Titan Company is planning to add 10 new international brands in the next 12-18 months under Helios, its premium and luxury watch retail format, a company official said on Friday. Besides, it will continue to add 50 more stores in the current fiscal year under the ‘Helios’ format, which contributes around…
Zoya, the luxury jewellery brand from the House of Tata, recently opened its 11th store in Chennai. The brand plans to take the total store count to 15 by the end of this fiscal year. The brand believes that it is well positioned for strong growth and expansion. “In the next 5-10 years, there will…
CV Venkataraman “So, even though the ticket sizes are high, but the overall value that we bring in is so good from design, inspiration to detailing to the quality of the material inside the product, the exceptional store experience, and of course final exchange value as well, it is a monetary asset as well even…
New Delhi: Leading jewellery retailer and watchmaker Titan on Friday reported a 5.42 per cent decline in its consolidated net profit to Rs 715 crore for the quarter ended on June 2024. The company posted a net profit of Rs 756 crore in the April-June quarter a year ago. However, its sales were up 12.64…
New Delhi: Leading jewellery and watchmaker Titan on Friday said it clocked a standalone revenue growth of 9 per cent in the first quarter ended June 30, 2024. The Tata Group-managed firm added 61 stores during April-June FY25, taking its combined retail network presence to 3,096 stores. Its jewellery division, which contributes over three-fourths of…
