Titan Company Ltd.

Titan Company is planning to open 18 new international stores of its jewellery brand Tanishq, primarily in the Gulf region, taking the total count to 25 by the end of this fiscal (FY24). Despite the operational complexities of opening stores in unfamiliar territories, the company plans to ‘aggressively expand’ in FY24 across GCC (Gulf Cooperation Council) region and the US market, given the evident consumer demand for Tanishq brand jewellery. 

Tanishq, which increased the number of international Tanishq stores from 2 to 7 in FY23, has received a 'positive response' in global markets and now plans to expand its presence further. Tanishq aims to become the preferred jeweller in the NRI/ PIO markets by leveraging the pride that Indians across the world take in their cultural heritage. Titan's jewellery division had a revenue of Rs 31,897 crore for the financial year which ended on March 31, 2023, contributing around 88 per cent of the turnover of the company. 

Titan Company is an Indian designer and manufacturer of watches, jewellery, precision engineering components and other accessories including sunglasses, wallets, bags and belts.