×
168
Fashion Jobs
H&M
E-Commerce Commercial Manager
Permanent · NEW DELHI
H&M
Area Facility Manager
Permanent · NEW DELHI
SAROJ JALAN
Marketing Strategist
Permanent · KOLKATA
ADD UR CO LLP
Production Manager
Permanent · Chennai
THE GLOBAL ZONE HR SERVICES
Production Manager/ Supervisor/ Incharge
Permanent · Pune
PUMA
Manager - Digital Marketing
Permanent · Bengaluru
THE BANYAN HR CONSULTS
Brand Manager For Leading Women's Wear Garments CO at Coimbatore
Permanent · Coimbatore
LEVI'S
Manager, Retail Merchandising (Ebo)
Permanent · Bengaluru
GLAN MANAGEMENT CONSULTANCY
Senior Buyer Lingerie (Knits Western Wear) - Retail Brand
Permanent · GURUGRAM
JOB INDIA
Asst. Manager E-Com Operations (Garments Retail) Gurgaon
Permanent · Faridabad
VASTRAKALA EXPORTS
Quality Manager
Permanent · CHENNAI
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Manager / in Charge - Production/Quality/Cutting - Garments Industry
Permanent · Bhiwandi
MINT AND MILK COMMUNICATIONS
Senior Account Executive
Permanent · MUMBAI
PUMA
Manager- Buying (Apparel)
Permanent · Bengaluru
PUMA
Manager- Business Intelligence
Permanent · Bengaluru
PUMA
Manager- Trade Compliance
Permanent · Bengaluru
LEVI'S
Technical Product Manager
Permanent · Bengaluru
PUMA
Manager- Supply Planning
Permanent · Bengaluru
PUMA
Senior Manager - Performance Marketing- Marketplac…
Permanent · Bengaluru
PUMA
Regional Sales Manager- Mbo (South)
Permanent · Bengaluru
PUMA
Manager- Returns And Spf Operations
Permanent · Bengaluru
PUMA
Manager Merchandising
Permanent · Bengaluru
Published
Apr 11, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Titan sees jewellery revenue dip 4% in Q4

Published
Apr 11, 2022

Titan’s jewellery brands Tanishq, Zoya, Mia, and CaratLane collectively witnessed a 4% year-on-year decline in revenue in the fourth quarter, 2022, amid Covid-19 disruptions and a strong 2021 base.

Zoya launched a new collection with new stone cuts in Q4 - Zoya- Facebook


Titan had received a large business-to-business order in the fourth quarter of the 2021 financial year which meant that this year’s revenue was being compared to a high base, the Gem and Jewellery Export Promotion Council reported on its website. 
 
“Business saw subdued activity in top cities due to the omicron wave in January 2022, a very strong resurgence in February 2022 and again a drop in customer purchases in March 2022 on the back of sharp rise in gold prices and sentiment impact due to the external geopolitical conflict,” said Titan in a statement, the GJEPC reported.

“While walk-ins saw minor decline, the customer conversions and ticket sizes grew marginally for the quarter compared to the same period last year.”
 
Titan continued to expand during the quarter and opened eight new Mia stores, seven Tanishq stores, and one Zoya showroom. The business’ Tanishq jewellery instalment purchase plan Golden Harvest saw enrolments grow in double digits during the quarter. 
 
“Sales from top eight cities grew in single digits while the rest of India saw a small decline,” said Titan. “Though the plain jewellery category bore the brunt of gold volatility in March 2022 leading to a slight decline for the quarter, studded sales clocked in a high single-digit growth, thereby partially cushioning the impact.”
 
Titan also invested $20 million cash in U.S.-based lab-grown diamond business Great Heights during the quarter for a 17.5% stake. The investment will enable Titan to greater understand lab-grown diamonds, a fast growing product category.

Copyright © 2022 FashionNetwork.com All rights reserved.