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Jewelry at store in Delhi, India
Diwali Sales Shine as ‘Bored’ Consumers Return
Jewelry sales in India beat expectations during the Diwali season amid a release of pent-up demand and strong consumer confidence about future gold prices.Revenues were on a par with last year, or better, as Indians returned to shopping...
Retail Nov 26, 2020 Joshua Freedman
Titan Hopeful for Diwali as Sales Recover
Titan Company, India’s largest jewelry retailer, gave an optimistic outlook for the upcoming Diwali holiday season after resurgent gold demand boosted revenue during the second fiscal quarter.Consumer sentiment improved in the three...
Retail Nov 01, 2020 Rapaport News
Titan earrings 150
India’s Titan Incurs ‘Unprecedented’ Loss
Titan Company, India’s largest jewelry retailer, recorded heavy losses in the first fiscal quarter as the coronavirus forced it to close stores for most of the period.The company reported a net loss of INR 2.97 billion ($39.7...
Retail Aug 12, 2020 Rapaport News
A Titan store in Deoghar, Jharkhand.
Titan Sales Slump as Lockdown Hits India
Revenue at Titan Company dropped sharply in the past two months during India’s coronavirus lockdown, but the jewelry retailer noted encouraging signs as restrictions eased.Jewelry sales fell more than 80% year on year in May...
Retail Jul 09, 2020 Rapaport News
Titan Expects Profit Hit from India Lockdown
Titan Company anticipates a negative impact on its profit in the first half of the year amid “very marginal” sales due to the coronavirus-related lockdown in India.Government measures forced the jeweler to shut all its stores and...
Retail Jun 02, 2020 Rapaport News
Titan Jewelry Sales Fall Amid India Lockdown
Jewelry sales at Titan Company slipped in the fourth fiscal quarter as news of the pandemic weighed on consumer sentiment in March. Revenue for the jewelry division — which includes the Tanishq, Zoya and Utsava collections— decreased...
Retail Apr 21, 2020 Rapaport News
Strong Holiday Sales Buoy Titan
Revenue and profit at Titan Company rose in the third fiscal quarter, driven by strong sales during the Diwali festival and wedding season in India.Consolidated sales — including subsidiaries — increased 10% year on year to INR 65.5...
Retail Feb 05, 2020 Rapaport News
Titan Revenue Grows During Diwali Season
Jewelry sales at Titan Company strengthened during the third fiscal quarter amid solid bridal demand, the Indian retailer said Saturday.Revenue grew 11% year on year for the three months ending December 31,...
Retail Jan 05, 2020 Rapaport News
Titan Company
Titan Revenue and Profit Increase
Revenue and profit at Titan Company rose as the retailer sawgrowth across all its businesses in the second fiscal quarter. Sales increased 2% to INR 46.93 billion ($657.7 million), including at subsidiaries, inthe three months ending...
Retail Nov 10, 2019 Rapaport News
Titan Revenue Drops as Gold Price Surges
Jewelry sales declined at Indian retailer TitanCompany after a hike in gold prices dampened consumer appetite. Revenue for the category dropped 2% year onyear in the second fiscal quarter ending September 30, Titan reported in arecent...
Retail Oct 23, 2019 Rapaport News
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
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