Titan Company has registered a revenue growth of 17% Year-on-Year (Y-o-Y) in Q4FY24. A total of 86 stores (net) were added in the quarter. The retail network presence stands at 3,035 stores.
Its Jewellery domestic operations grew 19% YoY led by both buyers and same store sales clocking healthy double digit growths. Growth was similar across gold (plain) and studded segments. Tanishq added a new store in Dubai and Chicago (USA) during the quarter. Of the 27 new store additions (net) in India, 11 stores were added in Tanishq and 16 stores were added in Mia.
EyeCare Division's Revenue declined by 1 % YoY. Titan Eye+ added a new store in Dubai taking the total count to 4 stores in the GCC region. In Emerging Businesses, Taneira's Revenue grew 37% YoY. The brand opened 11 new stores during the quarter comprising of 8 new city additions. The Fragrances & Fashion Accessories Revenue grew by 12% YoY. Within businesses, Revenue in Fragrances grew by 9% YoY and Fashion Accessories grew 18% YoY. Caratlane's business grew 30% YoY. Studded segment grew in-line with overall growth. Business added 10 new domestic stores (net) expanding the network presence to 272 stores.
Titan Company is an Indian designer and manufacturer of watches, jewellery, precision engineering components and other accessories including sunglasses, wallets, bags and belts.
| Company Name | CMP |
|---|---|
| Titan Co | 4513.40 |
| Kalyan Jewell.India | 424.65 |
| Rajesh Exports | 121.80 |
| Senco Gold | 365.45 |
| Thangamayil Jeweller | 4247.70 |
| View more.. | |
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