Analysts continue to be optimistic about both businesses.
Titan said revenues grew 17 per cent on the back of 19 per cent growth in domestic jewellery with 7 per cent growth in Helios (Watches & Wearables or W&W) and the international portfolio, although eye care revenues declined 1 per cent on a year on year (Y-o-Y) basis. Titan also said emerging business grew 24 per cent with 37 per cent growth in Taneira and 12 per cent in Fashion & Fragrances. CaratLane grew 30 per cent Y-o-Y.
Titan added 29 new stores (Tanishq 11 new stores and Mia 18) with 27 in India and one each in Dubai and Chicago, plus 44 new W&W stores, 11 in emerging business and 10 stores of Carat Lane. The total retail presence is now 3,035 stores, despite the closure of eight eye care stores in Q4. The management expects to maintain operating margins given a competitive edge in design and higher ticket size.
Diese Geschichte stammt aus der April 09, 2024-Ausgabe von Business Standard.
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Diese Geschichte stammt aus der April 09, 2024-Ausgabe von Business Standard.
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