Titan intends to open 18 additional international Tanishq outlets, especially in the Gulf area, bringing the total number to 25 by the end of this fiscal year.
Despite the operational challenges of operating outlets in new markets, the firm intends to “aggressively expand” across the GCC area and the US market in FY24, citing strong consumer demand for Tanishq brand jewels.
The company intends to expand its foreign footprint to 25 international stores by the end of fiscal year 2023-24. Tanishq intends to become the chosen jeweller in the NRI/PIO markets, capitalising on the pride that Indians around the world have in their cultural heritage,” according to Titan Company Ltd.‘s most recent annual report.