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…
New Delhi: Jewellery major Titan Company reported a 24 per cent yearly rise in its consolidated income to Rs 10,837 crore for the quarter that ended September 30, 2023. A year ago, the company’s income stood at Rs 8,742 crore. Titan’s consolidated net profit for the period in review jumped by 9.7 per cent YoY…
New Delhi: Titan Company Limited is all set to launch an invite-only retail store which will sell luxury jewellery with a minimum ticket size of ₹10 lakh. The move comes as India’s consumer companies rush to premiumise to tap into the strong demand at the higher end of the consumer discretionary market. The company has…
The board of Titan has approved raising up to Rs 2,500 crore through NCDs (non-convertible debentures) on a private placement basis. “The Board of Directors reviewed and approved the proposal for raising of funds through issuance of rated, listed, redeemable, unsecured NCDs on private placement basis, for an amount up to Rs 2,500 crore,” the…
Titan Company has clocked 20% year-on-year growth in revenue for the second quarter ended September. A total of 81 stores were added in this period, taking the group’s retail presence to 2,859 stores. In the jewellery segment, 19% revenue growth was led by 20% growth in the domestic business and lower primary outgo from India…
Kolkata | New Delhi: Latha Radhakrishnan used to travel to Coimbatore city to buy gold jewellery from Tanishq‘s store there, but she now has the option to buy it closer home, as the Titan co-owned chain has opened an outlet at Pollachi. Tanishq’s store at Pollachi, about 40 km south of Coimbatore city and opened…
Ahmedabad: Tata Group’s Titan Company plans to open nine new stores of its jewellery brand Tanishq in Gujarat in the coming months, taking the number of stores to 28 in the state by the end of this fiscal, a top company official said here on Friday.Moreover, the company is also planning to expand its overseas…
