Tata Group business Titan Company Ltd reported strong year-on-year growth during the festive season, especially in its jewellery and watches and wearables segments, bringing relief after recent declines in profits.
Jewellery and accessories firm Titan Company Ltd has witnessed a leadership change with Bhaskar Bhat retiring as the managing director after 17 years to hand over the reins of the company to C K Venkataram.
Tata Group’s fragrance brand Skinn by Titan expects to more than double its market share by 2022 to 2023 with a projected turnover of Rs 500 crore ($75.2 million), according to its recent investor presentation.
Titan Company witnessed a 14 percent surge in its net profit at Rs 348 crore ($50 million) for the fourth quarter of 2018-19 as against Rs 304 crore it had posted in the corresponding period last fiscal.
The Titan Company Limited premium saree and ethnic wear brand Taneira opened its first store in Hyderabad on May 6 and aims to open 14 more company-owned and franchise stores during the 2020 financial year.