Page 7 - Titan

Titan posts 20% Q2 revenue growth, Jewellery biz reports 19% revenue growth

Leading jewellery and watchmaker Titan on Friday reported a 20 per cent growth in standalone revenue for the second quarter ended September 30, 2023. During the period, it added 81 stores across verticals, taking the group's retail presence to 2,859 outlets, according to a quarterly update by Titan. Its jewellery division reported a revenue growth of 19 per cent. Building on the positive first quarter momentum, domestic consumer sales (secondary) exhibited strong year-on-year growth and were led by double-digit increase in buyers and ticket sizes. Moreover, as part of its global expansion, its jewellery brand Tanishq expanded its Gulf Cooperation Council (GCC) presence by entering Qatar and adding two new boutiques in Doha. The Jewellery Division added 39 stores, taking the total count to 598. The Watches & Wearables (W&W) Division's domestic business grew 32 per cent. This comprises 22 per cent growth in the Analog watches and over two-fold growth in Wearables. "The Wearables

Tata's jewellery brand Titan in talks to debut rupee bond worth Rs 3,000 cr

The bond would be Titan's first in rupees, according to Bloomberg-compiled data

Tata Group's Titan to open nine new Tanishq stores in Gujarat by FY24-end

Tata Group's Titan Company plans to open nine new stores of its jewellery brand Tanishq in Gujarat in the coming months, taking the number of stores to 28 in the state by the end of this fiscal, a top company official said here on Friday. Moreover, the company is also planning to expand its overseas presence by opening international stores in countries including the United States and Australia in the near future, said C K Venkataraman, Managing Director of Titan Company Ltd. "We currently have 19 Tanishq jewellery stores in Gujarat. By the end of the financial year 2023-24 in March, we will add nine more stores in different cities of the state and take the tally to 28," said Venkataraman while talking to reporters after the re-launch of a Tanishq store in Shivranjani area of the city on Friday. New stores would come up in cities like Ahmedabad, Gandhinagar, Surat, Bhuj, Valsad and a few in Saurashtra region, said the Titan MD. To cater to the Indian diaspora living in other countri

Top headlines: All eyes on Chandrayaan-3 landing, 28% GST move, and more

Business Standard brings you the top headlines at this hour

Stocks to Watch: Torrent Pharma, Cipla, TVS Supply Chain, Titan, AdaniTotal

Stocks to Watch on August 23, 2023: Torrent Pharma has joined the race to buy out Cipla's promoter stake held by the Hamied family, reported The Economic Times

Caratlane another jewel in Titan's crown; analysts positive on prospects

Although the Rs 4,621 crore deal may weigh on Titan's earnings in the short-term, analysts are positive on the long-term prospects

Titan set to buy out Esops of CaratLane staffers for Rs 350 crore

The transaction is anticipated to be finalised by October 31 of this year, subject to regulatory approvals

Stocks to Watch: Jio Financial, Titan, Gujarat Gas, Tanla Platforms, KEC

Stocks to Watch on August 21, 2023: Jio Financial Services will be listed on the exchanges today. Experts believe the stock could top the Rs 300-mark on listing

Titan buys additional 27.1% stake in CaratLane for Rs 4,621 crore

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

Stocks to Watch on Aug 3: Titan, IndiGo, MMTC, Airtel, Adani Ent, Nykaa

Stocks to Watch today, August 3, 2023: Titan Co reported a lower-than-expected quarterly profit at Rs 770 crore

Sensex sheds 505 pts from summit, ends 165 pts up; PSU banks crack; IT gain

CLOSING BELL ON JULY 13, 2023: The NSE Nifty50 hit a new high of 19,567, before finishing with a modest gain of 29 points on Thursday. Broader indices ended in red.

Sensex sinks 505 pts, Nifty gives up 19,350 amid global weakness; PSBs soar

Closing Bell on July 7, 2023: PowerGrid, IndusInd Bank, HUL, NTPC, Bajaj Finance, HCL tech, Tech M, L&T, Asian Paints, ICICI Bank, ITC, Kotak Bank, Infosys, and HDFC twins declined up to 3 per cent

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

OceanGate website still selling trips to Titanic after deadly sub implosion

The departure dates for the 2024 missions are listed for June 12 and June 21

Will the Titanic sub disaster tank the submersible tourism industry?

They use propellers to drive the vessel under water, rather than having to fall like a rock and using ballast tanks for stabilization, as with the Titan

Presumed human remains found in debris of Titan submersible: US Coast Guard

The US Coast Guard says it has likely recovered human remains from the wreckage of the Titan submersible and is bringing the evidence back to the United States. The submersible imploded last week, killing all five people on board. The vessel was on a voyage see the wreck of the Titanic. Debris from the Titan submersible was returned to land Wednesday. The return of the debris to port in St. John's, Newfoundland and Labrador, is a key piece of the investigation into why the submersible imploded. In a statement late Wednesday, the Coast Guard said it had recovered debris and evidence from the sea floor and that included what it described as presumed human remains. I am grateful for the coordinated international and interagency support to recover and preserve this vital evidence at extreme offshore distances and depths, US Coast Guard Chief Capt. Jason Neubauer said in a statement. The evidence will provide investigators from several international jurisdictions with critical insights .

Decoded | What really happened with the Titanic Submersible

OceanGate Expeditions, which owned the 22-foot-long Titan, said all 5 crew members, including CEO Stockton Rush, are believed to be dead. Watch the video to know what really happened >

Titan tragedy: Pak billionaire's son was 'terrified' before trip, aunt says

Azmeh Dawood's remarks came after the search for the missing Titan ended, with debris from the submersible found and its five occupants presumed dead

Titan's 'catastrophic implosion' kills all five on board; details here

OceanGate Expeditions, which owned the 22-foot-long Titan, said in a statement that all five people on board, including company CEO Stockton Rush, are believed to be dead

Decoded: Wreck-diving and the missing OceanGate's Titan submersible

This is what the tourists travelling in OceanGate's Titan submersible must have also been looking forward to when they boarded the vessel