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High Gold Prices Mute Titan Growth
Indian jewelry retailer Titan Company cautioned that sales were lower than expected in its first fiscal quarter as high gold prices weighed on consumer spending. Sales from the jewelry division, which includes the...
Retail Jul 09, 2019 Rapaport News
Titan diamond ring
Titan Continues Gains Despite Challenges
Titan Company reported growth in its watch and jewelry divisions in the secondfiscal quarter, helped by collection launches and long-term sales campaigns.The Indian jeweler brushed off challenges such as higher gold prices,the tightening of credit...
Retail Oct 09, 2018 Rapaport News
Titan 150
Weak Gold Demand Hits Titan’s 1Q
Titan Company’s sales missed the retailer’s expectations inthe first fiscal quarter due to a decline in consumer demand for gold.“Weakness in the consumer sentiment has had an impact on oursales, also leading to recording of sales below our...
Retail Jul 05, 2018 Rapaport News
Jewelers Respond to NGO’s Claims
Jewelers Hit Back at Human Rights Watch
Jewelers dismissed a Human Rights Watch (HRW) report which claimed companies and the Responsible Jewellery Council (RJC) did not provide sufficient ethical sourcing guarantees.“We have reviewed the Human Rights Watch report...
Retail Feb 14, 2018 Leah Meirovich
Human Rights Watch Jewelry 150
Jewelers’ Ethical Sourcing Below Par, Report Says
Jewelry and watch companies need to increase efforts toensure their supply chains are free of human-rights abuses, a campaign group cautioned in a report last week.“Many jewelers can do more to find out if their gold ordiamonds are...
Retail Feb 11, 2018 Rapaport News
Indian gold jewelry
India’s Titan Upbeat on Jewelry Sales
Titan Company reported strong jewelry sales in the firstfiscal quarter and said it expects to benefit from India’s new tax system.The jewelry division saw 50% year-on-year growth during theperiod running up to the Akshaya Tritiya...
Retail Jul 05, 2017 Rapaport News
Tanishq Titan
Titan Optimistic Amid Indian Economic Reforms
Titan Company expects sales will increase by more than 10%this year, following Indian government measures that aim to create a moremature economy.“The formalization of the economy bodes well for all thedivisions of the company, and...
Retail Apr 06, 2017 Rapaport News
India’s Titan Weathers Demonetization Storm
Titan Company said jewelry sales rose in the fiscal thirdquarter even as India’s demonetization policy weakened consumer demand.The Mumbai-based retailer’s revenue increased “reasonably” inthe three months to December, with its flagship Tanishq brand...
Retail Jan 02, 2017 Rapaport News
Diwali Jewelry Sales Rise on Lower Gold Prices
Jewelrysales in India improved during the Diwali festival as lower gold prices helpedrelease months of pent-up demand.Retail activity increased year on year during the period which includesDhanteras on October 28, a gold-buying festival, and Diwali on October...
Retail Nov 08, 2016 Rapaport News
Taj Mahal India
Titan Boosted by Steady Diamond Jewelry Sales
Titan Company’s profit grew 23.5 percent in the secondfiscal quarter as the Indian jewelry retailer benefited from buoyant sales ofstudded jewelry.Profit after tax increased to $27.1 million (INR 1.81billion) on a standalone basis in the three...
Retail Nov 07, 2016 Rapaport News
Gold bars
Tanishq Gains in Indian Gold-Buying Season
Titan Company said its Tanishq brand probably increased itsmarket share during a crucial part of the Indian jewelry calendar, as salesgrew while competitors faltered.The Akshaya Tritiya weekend in May, traditionally a strong time forbuying gold,...
Retail Jul 06, 2016 Rapaport News
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Rapaport Presents: How to Increase Diamond Demand, A Special “Diamond Dream” Breakfast Seminar
PRESS RELEASE, August 4, 2015, Mumbai ...Rapaport India is pleased to announce that Martin Rapaport will be hosting a special breakfast seminar entitled the “Diamond Dream.” The seminar will focus on what can be done to increase consumer...
Polished Markets Aug 04, 2015 Rapaport
Titan Ind
Titan Company Sales Slide on Weak Consumer Sentiment
Titan Company, a Mumbai-based jewelry retailer, said total sales fell 6 percent year on year to $419.9 million (INR 26.87 billion) in the first quarter that ended June 30, 2015. Profit after taxes slumped 15 percent...
Retail Aug 02, 2015 Avi Krawitz
Titan's Sales +9%, Profit +15% in 3Q
Titan Company Ltd. reported that sales increased 9.2 percent year on year to $475.4 million (INR 29.225 billion) in the third quarter that ended on December 31. Company expenses rose 9.1 percent to $434.3 million...
Financial-Legal Jan 27, 2015 Jeff Miller
Titan's Revenue +56%, Profit +29% to $39M in 2Q
Titan Company Ltd. reported that revenue rose 55.7 percent year on year to $580 million (INR 35.65 billion) in the second quarter that ended on September 30. The strong increase was, in part, due to the...
Financial-Legal Oct 30, 2014 Jeff Miller
Titan's Sales -8% in 1Q
Titan Company Ltd., owners of the Tanishq jewelry brand in India, reported that sales declined 7.6 percent year on year to $466.4 million (INR 28.54 billion) in the first quarter that ended on June 30. Profit...
Retail Aug 06, 2014 Deena Taylor
Tanishq Debuts Inara Diamond Jewelry
Diamond jewelry brand Tanishq introduced Inara, an extension of a new line of diamond jewelry that it introduced in 2013. Inara was inspired from marine sea life with textured surfaces, fluid fineness and interwoven designs. Inara...
Marketing Jul 07, 2014 Jeff Miller
Titan's 3Q Sales -11%, Profit -19%
Titan Company Limited, the parent company of India's Tanishq brand, reported that sales of jewelry and watches, in addition to revenue from other business areas fell 11.3 percent year on year to $425.3 million (INR 26.76...
Financial-Legal Jan 29, 2014 Jeff Miller
Titan Company Opens 1,000th Retail Store
Titan Company Ltd. celebrated a company milestone in opening its 1,000th retail store this week. The company retails in the watches, jewelry and eyewear sectors with a footprint in 177 cities, 26 states and three Union...
Watches Dec 17, 2013 Jeff Miller
Tanishq's Kulhalli Discusses the Retail Sector in India
Sandeep Kulhalli, the vice president of retail and marketing for Tanishq Jewellery, discusses the retail landscape in India for diamonds and jewelry. Trends have changed tremendously since the company launched and it has...
Polished Markets Oct 04, 2013 Rapaport News
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