The Titan Company on Tuesday said it is planning to add over 3,000 employees in the next 5 years across domains including engineering, design, luxury, digital, data analytics, marketing and sales among others. The company is looking for professionals with specialised skills such as data analytics, cyber security, product management, digital marketing and other new-age skills amongst others, a company statement said. "We are embarking on an exciting journey towards becoming a Rs 1,00,000 crore business in the next 5 years. Our aggressive hiring strategy of adding 3,000 people in the next 5 years reflects our dedication to hire a diverse and talented workforce. "We believe that alongside growing our own people it also helps to bring in experts from various fields, young and experienced. This will accelerate our growth and innovation, strengthening our position in the industry," Titan Company Head HR- Corporate and Retail, Priya Mathilakath Pillai said in a statement. Currently, 60 pe
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Stocks to watch on Monday, November 06, 2023: Shares of PSU Banks are likely to hog the limelight following Q2 results announced by major banks over the weekend.
Titan Company Q2 result: The total income for Q2FY24 came in at Rs 12,653 crore, compared to Rs 9,224 crore y-o-y, registering a rise of 37.17 per cent
Closing Bell on Friday November 03: In the broader markets, the BSE MidCap and SmallCap indices gained 0.71 per cent and 0.94 per cent, respectively
Thus far in the financial year 2023-24, Titan has outperformed the market by surging 32 per cent as compared to 15 per cent gain in the S&P BSE Sensex
Sontalia said that Caratlane ended FY23 with a 9 per cent EBITDA margin, he believes there is room for it to grow as 75-80 per cent is diamond jewellery
Trend remains optimistic in RIL, ONGC, M&M, KEX and Titan shares, as per their respective charts.
Upon completion of the deal, Titan will hold 98.28 per cent of equity in CaratLane-a private company engaged in the manufacture and sale of jewellery
Titan has entered into a share purchase agreement to acquire all of the 91,90,327 equity shares held by the founder of CaratLane Trading Private Limited and his family members
Heightened competitive scenario has led to company lowering its making charges in a bid to sustain market share gains during the quarter.
Expenses climbed about 29%, outweighing a nearly 19% jump in sales to 101.03 billion rupees
The total income for Q1FY24 came in at Rs 12,011 crore, compared to Rs 9,487 crore year-on-year
Stocks to Watch today, August 2, 2023: According to reports, Campus Activewear is expected to see a block deal for eight million shares at a price of Rs 295-300 apiece.
Gold jewellery retailers: Kalyan Jewellers, Titan, PC Jewellers, Thangamayil Jewellery, and Tribhovandas Bhimji Zaveri have rallied 21-72% so far since April as compared to a 13% gain in the Sensex
Tata Group firm Titan plans to open 18 new international stores of its jewellery brand Tanishq, primarily in the Gulf region, taking the total count to 25 by the end of this fiscal. Despite the operational complexities of opening stores in unfamiliar territories, the company plans to "aggressively expand" in FY24 across GCC (Gulf Cooperation Council) region and the US market, given the evident consumer demand for Tanishq brand jewellery, said the latest annual report from Titan Company Ltd. "The company aspires to further strengthen its international presence to 25 international stores by the end of FY 2023-24, with growth primarily being driven by additions in the GCC region," said Titan. Tanishq, which increased the number of international Tanishq stores from 2 to 7 in FY23, has received a 'positive response' in global markets and now plans to expand its presence further, it added. "Tanishq aims to become the preferred jeweller in the NRI/ PIO markets by leveraging the pride tha
But valuations rich after the run-up in the last three months
The company's jewellery division witnessed a satisfactory performance and grew 21 per cent YoY in the April-June quarter
Stocks to Watch today, July 7, 2023: Titan Company has registered a 20 per cent year-on-year (YoY) consolidated revenue growth in Q1FY24
The company also said that the key categories of gold and studded grew well with no notable change in the overall product mix