Page 7 - Titan Company

Titan dips nearly 3% on disappointing Q1 operational performance

Heightened competitive scenario has led to company lowering its making charges in a bid to sustain market share gains during the quarter.

Surging gold prices take sheen off Indian jewellery maker Titan's profit

Expenses climbed about 29%, outweighing a nearly 19% jump in sales to 101.03 billion rupees

Titan Company Ltd Q1FY24 results: Net profit at Rs 756 cr; revenue up 25%

The total income for Q1FY24 came in at Rs 12,011 crore, compared to Rs 9,487 crore year-on-year

Stocks to Watch on Aug 2: HeroMoto, Campus Activewear, Adani Wilmar, Titan

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.

Firm buying to keep the rally going in gold jewellery stocks, say analysts

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

Titan to open 18 international stores of Tanishq in FY24, mainly in gulf

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

After strong Q1 performance, outlook remains robust for Titan Company

But valuations rich after the run-up in the last three months

Titan hits new high, surges 3% on strong June quarter business update

The company's jewellery division witnessed a satisfactory performance and grew 21 per cent YoY in the April-June quarter

Stocks to Watch on July 7: Dabur, Titan, SBI Card, PSBs, Cipla, Sobha, IHCL

Stocks to Watch today, July 7, 2023: Titan Company has registered a 20 per cent year-on-year (YoY) consolidated revenue growth in Q1FY24

Titan revenue grows 20% in Q1 FY24 on strong performance in key businesses

The company also said that the key categories of gold and studded grew well with no notable change in the overall product mix

Titan's plan to acquire remaining stake in CaratLane reaches an impasse

According to the original deal between Titan and CaratLane, Titan can acquire the remaining business of CaratLane. However, it has to be done at a value agreed upon by both parties

Titan Company hits record high; surges 6% in one week on stable outlook

Titan's revenue to continue to record a healthy YoY growth over the next 2-3 years, driven by accelerated formalisation of the jewellery retail industry.

Rakesh Jhunjhunwala's portfolio up 11% thus far in FY24; beats markets

At an aggregate level, Jhunjhunwala's portfolio that was valued at Rs 32,445 crore as on March 31, 2023 is now worth Rs 35,979 crore

Stocks to watch: ONGC, IGL, MGL, RIL, L&T, Titan, Adani Group, Delta Corp

Stocks to Watch: Shares of city gas distributors are likely to be in focus today as they react to government's nod for new pricing regime.

Titan Company's revenue grows by 25% YoY in January-March quarter

Premium brands in watches continued their strong performance with brand Titan and brands in Helios stores registering double-digit growth that were higher than the overall segment

Company of the Year: Titan Company wins gold for outstanding performance

Even as India Inc struggled with the two Covid waves in 2021-22, the jewellery-to-watches maker posted strong growth and continued adding stores

How Titan Company MD sees other businesses growing over the next 5 years

'Ethnic wear, women's bags and fine fragrances are categories which I see contributing much more significantly to customer share and revenue share in the next five years'

Sebi disposes of show cause notices against 22 individuals in Titan Case

Capital markets regulator Sebi on Thursday disposed of show-cause notices issued against 22 individuals as the allegation of violation of insider trading rules was not established in Titan Company Ltd (TCL) case. The order came after the Securities Appellate Tribunal (SAT) in its ruling on February 7 had set aside Sebi's order against 22 individuals for violating insider trading norms in the shares of TCL and directed the regulator to pass a fresh order. In its latest order, Sebi said the 22 individuals (noticees) were "not designated employees" of the company and therefore, were not obligated to make disclosures under the PIT (Prohibition of Insider Trading) norms. Therefore, the adjudication proceedings against the noticees initiated through show-cause notices dated August 9, 2021 stand disposed of without imposition of any penalty, it said. In the matter, Sebi had initiated adjudication proceedings against the individuals for alleged violation of PIT norms in the scrip of Titan

BS Annual Awards 2022: Power-packed jury picks the best of India Inc

Top decision-makers select the winners in 7 categories

Titan to more than double Zoya luxury store counts, top-line by FY27

Zoya, the luxury jewellery brand from the house of Titan, is looking to more than double its revenue as well as the store count over the next three years from what it has done all through its 14-year history. Since its launch in 2009, Zoya has become a Rs 200-crore sub-brand in the Titan stable which grosses over Rs 40,000 crore annually, with seven showrooms -- the latest addition being just last week at the Taj Mahal Palace Hotel here -- and an equal number of galleries. If everything goes as planned, and if the demand for luxury maintains the current growth momentum, we will have at least eight more boutiques by FY27, adding to our seven stores and seven galleries at present, CK Venkatraman, the managing director of Titan Company, which is a joint venture between the Tatas and the Tamil Nadu government, told PTI. On the investment side, he said each store commands at least Rs 40 crore, which means, they will invest over Rs 320 crore over the next three years. The investment in