Tata group firm Titan said its jewellery division has recovered from pandemic, entering the growth phase, and other divisions have moved closer to full recovery led by festive season
Healthy demand for wedding jewellery, market share gains boosts share price to all-time high
Federal Bank is reflecting a move towards Rs 80 levels
The jewellery business witnessed around 15 per cent growth for the 30-day festive season starting from Dussehra till Diwali over the corresponding period last year.
Larsen & Toubro won the Company of the Year award and Wipro founder Azim Premji won the Lifetime Achievement award
Had presence in 200 such stores; it has already moved out of 70 Lifestyle stores
Alexander had traded on two trading days during the period from September 23 to November 12, 2018 -- a period during which the trading window was closed
Consolidated revenue drops marginally by 2.6% to Rs 4,318 crore
Tata group firm Titan Company on Wednesday reported a 37.81 per cent decline in its standalone net profit to Rs 199 crore for the quarter ended September 30, on account of higher expenses
During its five years of JV with Titan, Montblanc opened 12 boutique stores in the country and established an e-commerce business through Tata's online portal TataCliq
Top firms setting up outlets even as consumers remain cautious
Margins would, however, continue to be muted on lower studded ornament sales and discounts
Shares of Titan on Wednesday gained over 4 per cent after the company said its business has been returning to normalcy led by recovery of sales in its jewellery division in the second quarter
India's gold demand has been slammed this year by lockdowns imposed from March end to control the coronavirus outbreak
Titan Pay range, launched in tie-up with SBI, allows bank's YONO account holders to tap the watch on contactless payment POS machines without having to swipe or insert bank card\
All that happened in the markets today
So far, Titan has re-opened around 83 per cent of its stores across all businesses while the jewellery division has re-opened around 95 per cent of its Tanishq stores till date
Sales recovery in non-metros better than metros
Minimises impact of pandemic through cost control measures; says witnessing good response from customers post opening up outlets
The SGX Nifty is indicating a gap-up open today with the Nifty likely to open at around 10,260 levels on the back of firm global cues