Saumen Bhaumik, CEO of Eyecare Division at Titan Company Eyewear retailer Titan Eye+ will shift focus back to network expansion from the quarter beginning July, Saumen Bhaumik, chief executive officer of Eyecare Division at Titan Company, told ET. The retailer had focused on strengthening existing stores rather than opening new ones last year. “We are…
Although jewellery is emerging as a nationwide trend for several players, it still primarily operates on a hyper-local level. Effective inventory/SKU management and enhancing customer experiences will be crucial for success, according to a report by Motilal Oswal Research which was released today. The acquisition of customers, upgrades, and frequency of visits to the store…
Zoya, the diamond boutique from the House of Tata, aims to grow at a CAGR of 30 per cent over the next 3 years, Ajoy Chawla, CEO – jewellery division, Titan told ETRetail. The brand, which has recently opened its 10th boutique store in Mumbai, has been growing at 40 per cent for the last…
Omnichannel jewellery retailer Bluestone is in talks to raise around $100 million in a pre-IPO round at a likely valuation of more than $1 billion, catapulting the startup to the unicorn club, three people aware of the matter said. This would be more than double its previous valuation of around $450 million in September 2023,…
This Akshaya Tritiya, expectations of jewellers are high due to a marginal dip in gold prices compared to last month. In April, sales volume decreased by around 20 per cent, although there was an increase in gold consumption in value terms due to escalating gold prices. The jewellery retailers are expecting Akshaya Tritiya to boost…
iPhone maker Apple is reportedly in advanced discussions with the Murugappa Group and Tata Group’s Titan Company to assemble — and, possibly, manufacture — sub-components for its iPhone camera modules in India. If the deal works out, the Indian supplier ecosystem will deepen for Apple as it looks to shift more of its operations away…
Consumer discretionary major Titan Company reported high double-digit revenue growth for the quarter ended March 2024 on the back of a solid show by jewellery and emerging businesses. Titan‘s revenue jumped 17% year-on-year in the fourth quarter and 86 stores were added in the same period. The overall store count currently stands at 3,035. Jewellery…
Demand outlook for premium consumer businesses is robust and the “growth rhythm” will persist over the next three-four years, said CK Venkataraman, managing director, Titan Co. He highlighted the divergent trends in the consumer goods sector across categories with premiumisation booming while mainstream demand remains subdued. “In the significant per-capita income shift that’s expected to…
Mumbai: Titan Co has executed an agreement to acquire the balance 0.4% stake or 1,19,489 shares in subsidiary CaratLane. As of date, CaratLane is a subsidiary of Titan wherein it holds a 99.64% stake. The completion of the aforesaid share purchase would result in CaratLane becoming a wholly-owned subsidiary of the company. Titan will acquire…
Consumer discretionary major Titan on Thursday reported a 9% year-on-year (YoY) growth in its standalone net profit at Rs 1,040 crore in the third quarter. It was Rs 951 crore a year ago. The profit figure was lower than ET NOW poll estimate of Rs 1,159 crore. Revenue from operations jumped 20% YoY to Rs…
