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Bridal Sales Bolster Titan Growth
Sales at India’s Titan Company increased in the first fiscal quarter, but growth was weaker than the jeweler had expected due to challenging conditions in the domestic market.Revenue climbed 16% year on year to INR 52.08...
Retail Aug 07, 2019 Rapaport News
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 Ring
India’s Titan Sees Revenue Grow
Titan Company noted strong growth in the most recent fiscal year, as itlaunched new digital initiatives and collections that were popular with customers. Group sales rose about 21% for the 12 months ending...
Retail Apr 15, 2019 Rapaport News
Strong Holiday Figures Boost Titan Results
Revenue and profit at Titan Company rose in the third fiscalquarter, driven by the introduction of new jewelry lines in time for the festivalseason. Consolidated sales — including subsidiaries — jumped 35% yearon year to INR 59.34 billion...
Retail Feb 03, 2019 Rapaport News
Titan Records Growth over Diwali Season
Same-store jewelry sales at Titan Company grew during the thirdfiscal quarter, signaling strong demand for branded jewelry during the Diwali and Dussehra festivalperiod, the Indian retailer said. “Customer demand was buoyant...
Retail Jan 06, 2019 Rapaport News
Titan Revenue and Profit Increase
Shares in Titan Company rose after the retailer reported growthin revenue and profit in the second fiscal quarter. Sales jumped 28% to INR 45.95 billion ($630.2 million) inthe three months ending September 30,...
Retail Nov 13, 2018 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
Titan Profit, Revenue Up in First Quarter
Titan Company’s profit increased in the fiscal first quarter,boosted by growth in all of the Indian retailer’s main divisions. Profit jumped 38% year on year to $47.7 million (INR 3.28billion) in the three months ending June 30,...
Retail Aug 06, 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
Titan jewelry
Titan Sees Rise in Jewelry Revenue
Titan Company’s sales grew in fiscal 2018, driven by successful marketingactivity, as well as government regulations that favored the more organized jewelrysector, the retailer said. Revenue from all categories rose 21% to $2.41 billion (INR...
Retail May 14, 2018 Rapaport News
Titan 150
Titan Predicts Boost from India’s Crackdowns
Titan Company expects to reap the benefits of increasedregulation in the Indian jewelry market, the retailer said after reporting ajump in quarterly sales. Stricter credit conditions and a crackdown on illegalbehavior — which have come under focus...
Retail Apr 10, 2018 Rapaport News
Titan Sees Third-Quarter Growth 150
Titan Sees Third-Quarter Growth
Titan Company’s sales grew in the fiscal third quarter, buoyed bya healthy Diwali season and recent government regulations that favored thejewelry business.Revenue rose 7% year on year to $670.4 million (INR 42.96 billion),while profit...
Retail Feb 06, 2018 Rapaport News
Titan 150
Titan Sales Rise over Indian Festivals
Titan Company’s jewelry sales grew by a “double-digit”percentage during India’s September and October festivals, the retailer said.Dussehra and Diwali, two of the main holidays in the year,occurred in different fiscal quarters at the end of 2017, meaning...
Retail Jan 04, 2018 Rapaport News
Titan Upbeat After Strong Quarter
Titan Company experienced a rise in sales and profits in thesecond fiscal quarter as the Indian jeweler benefited from a government U-turnon regulation and the broadening of its well-known Tanishq brand.Revenue grew 30% to $541.8 million (INR...
Retail Nov 07, 2017 Rapaport News
Summer Rush Drives Titan Revenue Boom
Indian jeweler Titan Company enjoyed strong growth in sales and profit during the first fiscal quarter, attributing it in part tothe festival season and a rush to buy before the country’s goods andservices tax (GST)...
Retail Aug 09, 2017 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
Titan Withstands Indian Demonetization
Titan Company’s sales and profit increased in the fiscal fourth quarter that ended March 31, even with India’s jewelry market under pressurefollowing November’s demonetization program.Revenue jumped 44% to $543.4 million (INR 34.87...
Retail May 15, 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
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
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