{"id":8435,"date":"2024-05-06T06:10:11","date_gmt":"2024-05-06T06:10:11","guid":{"rendered":"https:\/\/jewellerynewsindia.com\/?p=8435"},"modified":"2024-05-06T06:17:57","modified_gmt":"2024-05-06T06:17:57","slug":"titans-jewellery-segment-experiences-19-growth-in-q4-fy24","status":"publish","type":"post","link":"https:\/\/jewellerynewsindia.com\/index.php\/2024\/05\/06\/titans-jewellery-segment-experiences-19-growth-in-q4-fy24\/","title":{"rendered":"Titan&#8217;s Jewellery Segment Experiences 19% Growth in Q4 FY24"},"content":{"rendered":"\n<figure class=\"wp-block-image aligncenter size-full is-resized has-custom-border\"><img fetchpriority=\"high\" decoding=\"async\" width=\"875\" height=\"621\" src=\"https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/05\/IMG-1-2.jpg\" alt=\"\" class=\"wp-image-8436\" style=\"border-width:3px;border-radius:5px;width:737px;height:auto\" srcset=\"https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/05\/IMG-1-2.jpg 875w, https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/05\/IMG-1-2-300x213.jpg 300w, https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/05\/IMG-1-2-768x545.jpg 768w, https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/05\/IMG-1-2-200x142.jpg 200w, https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/05\/IMG-1-2-600x426.jpg 600w\" sizes=\"(max-width: 875px) 100vw, 875px\" \/><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.titancompany.in\/\" target=\"_blank\" rel=\"noreferrer noopener\">Titan Company Limited<\/a>, India&#8217;s top jewellery retail chain, announced a strong performance in its jewellery business during the fourth quarter of fiscal year 2024. The Bengaluru-based company&#8217;s jewellery income increased by 19% in Q4 FY24, hitting \u20b98,998 crores. The company&#8217;s India business experienced a 20% rise, resulting in profits before interest and tax (EBIT) of \u20b91,089 crores and a 12.1% margin.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.titancompany.in\/\" target=\"_blank\" rel=\"noreferrer noopener\">Titan<\/a>&#8216;s jewellery segment, including <a href=\"https:\/\/www.tanishq.co.in\/homepage?lang=en_IN\" target=\"_blank\" rel=\"noreferrer noopener\">Tanishq<\/a>, <a href=\"https:\/\/www.zoya.in\/homepage?lang=en_IN\" target=\"_blank\" rel=\"noreferrer noopener\">Zoya<\/a>, <a href=\"https:\/\/www.miabytanishq.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Mia<\/a>, and <a href=\"https:\/\/www.caratlane.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">CaratLane<\/a>, increased overall income by 20% to \u20b938,353 crores during the fiscal year. The EBIT for the year was around \u20b94,726 crores, with a good margin of 12.3 percent.<\/p>\n\n\n\n<p>The company&#8217;s smart marketing strategies contributed significantly to its growth. <a href=\"https:\/\/www.tanishq.co.in\/homepage?lang=en_IN\" target=\"_blank\" rel=\"noreferrer noopener\">Tanishq<\/a> diamonds have become a must-have for women&#8217;s daily wear, thanks to campaigns such as the &#8216;Festival of Diamonds&#8217;, which glorified the sparkle of ordinary life. Other campaigns, such as &#8216;When it Rings True&#8217; and &#8216;Ethereal Wonders&#8217;, connected with customers on a personal level, while Mia&#8217;s &#8216;SarangHearts&#8217; collection capitalized on the K-pop and K-drama frenzy with beautiful pendant and earring sets.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.tanishq.co.in\/homepage?lang=en_IN\" target=\"_blank\" rel=\"noreferrer noopener\">Tanishq<\/a>, <a href=\"https:\/\/www.titancompany.in\/\" target=\"_blank\" rel=\"noreferrer noopener\">Titan<\/a>&#8216;s flagship jewellery brand, has also increased its international footprint, opening additional stores in Dubai and Chicago, bringing the total number of overseas locations to 16. In India, the firm expanded its retail network by opening 11 new <a href=\"https:\/\/www.tanishq.co.in\/homepage?lang=en_IN\" target=\"_blank\" rel=\"noreferrer noopener\">Tanishq<\/a> stores and 16 new Mia locations.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.titancompany.in\/about-us\/Board-of-Directors\" target=\"_blank\" rel=\"noreferrer noopener\">C.K. Venkataraman, Managing Director of Titan Co.<\/a>, stated: &#8220;FY24 was another successful year for <a href=\"https:\/\/www.titancompany.in\/\" target=\"_blank\" rel=\"noreferrer noopener\">Titan<\/a>. Our jewellery industry reached a significant milestone of \u20b940,000+ crores in consumer sales. He underlined <a href=\"https:\/\/www.titancompany.in\/\" target=\"_blank\" rel=\"noreferrer noopener\">Titan<\/a>&#8216;s commitment to innovation and meeting the different needs of today&#8217;s women.<\/p>\n\n\n\n<p>CaratLane increased overall income by 29% to \u20b9748 crores compared to Q4FY23. In Q4FY23, EBIT was \u20b952 crores, representing a 6.9% margin. Total annual income increased by 34% to \u20b92,930 crores. The equivalent EBIT for FY24 was,195 crores, with a margin of 6.7%. <a href=\"https:\/\/www.caratlane.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">CaratLane<\/a> opened 10 additional stores during the quarter, bringing the total number of outlets to 272 across 110 locations in India.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Titan Company Limited, India&#8217;s top jewellery retail chain, announced a strong performance in its jewellery business during the fourth quarter of fiscal year 2024. The Bengaluru-based company&#8217;s jewellery income increased by 19% in Q4 FY24, hitting \u20b98,998 crores. The company&#8217;s India business experienced a 20% rise, resulting in profits before interest and tax (EBIT) of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8437,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8435","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Titan&#039;s Jewellery Segment Experiences 19% Growth in Q4 FY24 - JNI<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/jewellerynewsindia.com\/index.php\/2024\/05\/06\/titans-jewellery-segment-experiences-19-growth-in-q4-fy24\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Titan&#039;s Jewellery Segment Experiences 19% Growth in Q4 FY24 - JNI\" \/>\n<meta property=\"og:description\" content=\"Titan Company Limited, India&#8217;s top jewellery retail chain, announced a strong performance in its jewellery business during the fourth quarter of fiscal year 2024. 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