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Titan Revenue and Profit Increase
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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...
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Retail
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Nov 10, 2019
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Rapaport News
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High Gold Prices Mute Titan Growth
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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...
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Retail
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Jul 09, 2019
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Rapaport News
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Titan Continues Gains Despite Challenges
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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...
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Retail
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Oct 09, 2018
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Rapaport News
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Weak Gold Demand Hits Titan’s 1Q
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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...
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Retail
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Jul 05, 2018
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Rapaport News
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Jewelers Hit Back at Human Rights Watch
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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...
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Retail
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Feb 14, 2018
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Leah Meirovich
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Jewelers’ Ethical Sourcing Below Par, Report Says
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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...
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Retail
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Feb 11, 2018
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Rapaport News
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India’s Titan Upbeat on Jewelry Sales
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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...
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Retail
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Jul 05, 2017
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Rapaport News
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Titan Optimistic Amid Indian Economic Reforms
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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...
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Retail
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Apr 06, 2017
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Rapaport News
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India’s Titan Weathers Demonetization Storm
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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...
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Retail
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Jan 02, 2017
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Rapaport News
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Diwali Jewelry Sales Rise on Lower Gold Prices
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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...
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Retail
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Nov 08, 2016
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Rapaport News
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Titan Boosted by Steady Diamond Jewelry Sales
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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...
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Retail
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Nov 07, 2016
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Rapaport News
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Tanishq Gains in Indian Gold-Buying Season
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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,...
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Retail
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Jul 06, 2016
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Rapaport News
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Polished Markets
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Aug 04, 2015
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Rapaport
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Titan Company Sales Slide on Weak Consumer Sentiment
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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...
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Retail
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Aug 02, 2015
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Avi Krawitz
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Titan's Sales +9%, Profit +15% in 3Q
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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...
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Financial-Legal
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Jan 27, 2015
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Jeff Miller
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Titan's Revenue +56%, Profit +29% to $39M in 2Q
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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...
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Financial-Legal
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Oct 30, 2014
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Jeff Miller
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Titan's Sales -8% in 1Q
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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...
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Retail
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Aug 06, 2014
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Deena Taylor
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Tanishq Debuts Inara Diamond Jewelry
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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...
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Marketing
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Jul 07, 2014
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Jeff Miller
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Titan's 3Q Sales -11%, Profit -19%
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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...
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Financial-Legal
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Jan 29, 2014
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Jeff Miller
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Titan Company Opens 1,000th Retail Store
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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...
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Watches
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Dec 17, 2013
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Jeff Miller
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