
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.
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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.
Taneira, the ethnic wear brand from Titan, has expanded its retail footprint with the launch of its new flagship store in the city of Mumbai.
Titan’s saree brand Taneira has expanded its retail presence in the country, with the opening of its first store in the southern city of Chennai.
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.
Titan Co. Ltd is expecting strong growth in 2019 and has targeted a growth rate of 20 percent for the fiscal year 2018-19, as it expects jewellery sales to jump especially during the wedding season.
Taneira, the ethnic wear brand from Titan Ltd, has started its retail expansion with the opening of its first store in the national capital New Delhi.
Titan Ltd owned ethnic wear brand Taneira has planned massive expansion across the country and will be adding 50 new stores across in the country over the next five years.