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…
India smartwatch shipments grew 21% year-on-year YoY in the third quarter Q3 of 2023 (Q3 2023) with the market share of domestic manufacturing reaching the highest ever at 82% compared to 4% a year ago, a report said. According to a report by Counterpoint Research, the growth in shipments was driven by high inventory build-up…
The Titan Company on Tuesday said it is planning to add over 3,000 employees in the next 5 years across domains including engineering, design, luxury, digital, data analytics, marketing and sales among others. The company is looking for professionals with specialised skills such as data analytics, cyber security, product management, digital marketing and other new-age…
Ajoy Chawla, CEO Jewellery Division, Titan Company New Delhi: Despite high gold prices, jewellery retailer Titan which owns brands such as Tanishq, Caratlane, Mia by Tanishq, and Zoya is optimistic about festive season sales, said a top official of the company. Talking to ETRetail, Ajoy Chawla, CEO – jewellery division, Titan Company said, “We are…
Ashok Sonthalia, CFO, Titan Ashok Sonthalia, CFO, Titan Company, says “the mid premium, premium, high value segments are showing very good traction, good demand and growth rates are very high in those segments. The growth in consumer numbers is also high. Entry level demand is a little bit dull still. I would say the whole…
