Venkataraman, who has steered Tanishq for nearly two decades, shares with Aneeka Chatterjee the joys and challenges of the journey
High gold prices (20% growth YoY) had an impact on consumer demand. Coupled with lower wedding days, overall sentiments were relatively muted in comparison to Q1FY24, the company said.
An average Indian couple spends around 2x on weddings versus education (pre-primary to graduation), according to the Jefferies note, which is in sharp contrast to countries such as the United States
Mitra points out that Titan has seen a slow but subtle shift in the buying habits of women. In the last seven years the share of women's watches has gone up from 40 per cent to 45 per cent
Tata Group's Titan Company Ltd has drawn up aggressive expansion plans across its various brand verticals, especially jewellery vertical Tanishq and saree label Taneira this year, a top official said. The company is also planning to launch its exclusive ladies' handbag brand store 'Earth' sometime later this year, Titan's Managing Director C K Venkataraman said. Titan is a joint venture between the diversified conglomerate Tata Group and the Tamilnadu Industrial Development Corporation (TIDCO). Venkataraman was talking to reporters after unveiling one of the company's Helios watch stores along with the 59th jewellery store Tanishq and the 7th Taniera store at Pondy Bazaar, here. Taniera offers the best of Indian sarees under one roof. It offers handcrafted sarees along with a range of ready to wear blouses, kurtas, short tops among others, the press release said. The launch of the new brand outlets today marks a significant milestone in Titan's ongoing commitment towards aggressiv
Overall, the jewelley sector has seen an approximately 8 per cent revenue CAGR during FY19-24, reaching Rs 6,40,000 crore in market value, with the organised segment growing at 18-19 per cent
Titan stock can rally up to Rs 3,675, while Aether can soar to Rs 965, believes Jigar S Patel, Sr. equity research manager at Anand Rathi.
At 11:49 am; Nestle India (Rs 2,385.45), Pidilite Industries (Rs 2,988.45) and Divi's Labs (Rs 4,343.80) were trading higher by up to 1% higher, as compared to a near 5% decline in the BSE Sensex.
Watch and jewellery maker prioritising sourcing, pricing, product innovation, and operational efficiencies
Muthoot Finance has been in a steady uptrend for over 10 months, consistently forming higher highs and lows with a gradual increase in volumes
In an exclusive interview, Ashok Sonthalia, chief financial officer of Titan Company, discusses the company's expansion plans
Since reaching its peak around the Rs 3,800 mark on April 1, 2024, the market has experienced a significant downturn, with a decline of nearly 600 points, translating to a 16 per cent loss in price
Titan, Kalyan Jewellers, PC Jeweller among others trade with a negative bias; these support levels can help you plan your trading strategy here.
Adani Enterprises, Titan, Paytm and HCL Technologies and 24 others among the NSE 500 have declined over 10% in the last one month. Here are five stocks that look weaker on charts for now.
Analysts attribute this margin miss to heightened competitive pressure due to a spike in gold prices
Ajoy Chawla, CEO of jewellery business; Suparna Mitra, who heads watches and wearables segment; and Saumen Bhaumik, overseeing the eyecare business, have been picked as contenders for CEO
Nomura's analysis reveals that India's beat-to-miss ratio stands at 13 per cent, second only to Indonesia, which is at 38 per cent
State's effort will help country in achieving target of being a $5-trn economy: C K Venkataraman
Analysts remain cautious about near-term consumption trend
Indian jeweler and watch maker Titan Company reported third-quarter profit below estimates on Thursday as escalating costs of bullion outshined demand during the festive season