Page 6 - Titan

Titan Q2 net profit rises to Rs 312 cr on higher jewellery biz growth

The company's retail chain number stood at 1,668 stores at the end of on September, while retail area crossed 2.1 million square feet nationally for all its brands, Titan Company said.

Titan eyes double-digit growth in jewellery business in December quarter

The Bengaluru-headquartered company had earlier informed the stock exchanges its jewellery business grew 7 per cent in the second quarter of FY20, lower than the expected 12-13 per cent

Muted demand, hedges hit Titan's jewellery sales, Q2 revenues down 2%

Analysts estimate a 60-100 bps compression in operating margin

Design, craftsmanship two brand pillars of Zoya: Titan's C K Venkatraman

Zoya is our luxury brand, renowned for its precision craftsmanship and distinguished design, says Venkatraman

Regaining glitter in revenue spinning jewellery biz crucial for Titan

Festive season and expected improvement in consumption sentiment are expected to revive growth in second half of FY20

Good times: Titan adds shine to Rakesh Jhunjhunwala's portfolio

While analysts are positive on Titan, it has been seeing some headwinds

In a first, Titan goes for in-house movements to boost premium range

Capability-wise, the market opinion is that Titan is best suited to pull off such an effort

Despite weak demand, Titan's glittering stock valuation unlikely to fade

Strong brand equity and network expansion will help the company gain market share, even as local unorganised players are struggling and many peers are facing demand and liquidity pressures

Titan valuations on higher side; investors need to be cautious

The stock hit an all-time high; tie-up with American watchmaker likely to be a positive in the long term

With Rs 91,000-crore m-cap, Titan now second biggest jewel in Tata crown

The success stems from Titan's betting hard on wedding jewellery over the last three years

Titan continues to glitter after robust Q3 show; stock hits all-time high

The company clocked a 35 per cent year-on-year rise each in net sales and net profit in Q3 at Rs 5,632.5 crore and Rs 416.2 crore, respectively

Growth in studded jewellery, watch, eyewear segments to aid Titan's margins

The strong earnings visibility also stems from more expansion through L3 stores in newer cities

Titan's new gamble: Taneira hopes to stand out in the premium saree market

Titan's sarees will ride on the parent brand's immense equity and deep penetration to crack open the potential Rs 550 billion market

Jewellery still store of value, not lifestyle choice: Titan's Venkataraman

Titan is taking brands like Zoya, Mia, and Tanishq to cities like Kakinada, Latur, Serampore, Hazar­ibagh

Titan reports dip in profit, but investors have reason to keep the faith

Despite a miss on margins for the Titan Company in the September quarter, investors are not complaining. The jewellery retailer had declared its results for the quarter after market hours on Friday; on Monday, its share price jumped a little over five per cent. Pushed by robust revenue growth in that quarter and, more importantly, a strong outlook for the second half of the current financial year.The reason the Street is not too worried about its lower profit is the strong performance on sales, in an environment where a number of other consumer goods companies are struggling to drive volumes. In the September quarter, Titan's jewellery segment (80 per cent of its revenue) grew 28.5 per cent (wholesale) over the year-ago period. At the retail level, the company indicated, growth was even stronger at 38 per cent. Sharp outperformance, as other larger jewellery retailers are expected to have grown at about 15 per cent. The higher growth in jewellery was on account of continued momentum ..

Despite muted market sentiments, Titan's jewellery sales back on track

The company has gained market share on the back of new launches and expansion in jewellery segment

Titan's jewellery segment growth recovers after muted Q1 performance

The company indicated it would stimulate demand through innovative advertising campaigns and new product launches in the coming quarters

Titan plans to shine in global market with jewellery business

Branded jewellery maker to foray into Asian markets in FY19

Titan aims to touch gross revenue of Rs 500 bn by 2023 with 50 mn customers

Titan has pushed back an earlier target, set by it, for its jewellery business

Titan gains 3% as Q3 jewellery retail sales meet expectations

The stock was up 3% to Rs 869 on the National Stock Exchange in intra-day trade so far