Titan aims to double sales to 15 lakh bags in FY26 under IRTH and Fastrack, supported by rising demand, new leather ranges, online partnerships, and retail expansion
Tata group firm Titan Company Ltd on Tuesday said Suparna Mitra, CEO of its Watches & Wearables Division, has resigned due to personal reasons. The date of cessation of Mitra, who has been in this role for the last five years, is August 12, 2025, the company said in a regulatory filing. In her resignation letter to Titan Co Managing Director CK Venkataraman, Mitra cited "personal reasons" for her decision to move on.
The rise in jewellery sales was on the back of higher ticket sizes on account of a rise in prices of gold
Titan's resilient performance was in the backdrop of inflated gold price environment with margin improvement in domestic jewellery and Caratlane business in Q4FY25.
Venkataraman joined the company in 1990 and rose to the top post in 2019, the same year Chawala took the helm at the jewellery division
Gold jewellery and coins grew 27 per cent and 65 per cent Y-o-Y, respectively, with high consumer demand for gold as both an adornment and store of value, Titan said.
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Titan share price: Demand trends look encouraging as lower tax rates are likely to increase discretionary income in the coming quarters
Titan is negotiating to acquire a significant stake in Damas Jewellery, valued at Rs 4,500 crore; the move aligns with Titan's strategy to strengthen its presence in the GCC luxury market
Jewellers such as Titan, which owns the Tanishq and CaratLane brands, lease gold from bullion banks, which import the metal, to avoid inventory risks due to fluctuation in prices
The primary concern weighing on the Titan share was weaker-than-expected margin in Q3 results, analysts said
At 6:33 AM, GIFT Nifty futures were up 71 points at 23,856, signaling a higher start for Indian markets
Sequentially, its net profit rose by 48.7 per cent, while its revenue was up 22.1 per cent
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Tata Group firm Titan Company Ltd inaugurated its first exclusive brand store, IRTH, under its expansion plans in Chennai and aims to achieve a revenue target of Rs 1,000 crore by FY2027 from its IRTH and Fastrack bags business divisions, a top official said on Wednesday. The company plans to open 100 stores across the country by FY2027, showcasing its commitment to providing customers with best-in-class products and services. The exclusive IRTH store, part of the House of Titan, was inaugurated at Phoenix Market City, Velachery, marking a significant step in IRTH's strategic expansion into South India. IRTH bags are designed for women, created with a deeper understanding of their needs, offering premium quality at an affordable price. The product portfolio includes handbags, totes, shoulder bags, handhelds, slings, cross-body bags, and wallets, among others. Commenting on the occasion, Titan Company Ltd CEO of the Fragrance and Accessories division, Manish Gupta, said, "We are ..
Strong consumer traction during the festive season translated into high single-digit percentage buyer growth in the jewellery segment, said Titan
A robust consumer traction during Diwali translated into high single-digit buyer growth along with double-digit ticket size growth