Titan Company news and archive

Titan second quarter net profit drops 39.41 percent

Tata Group firm Titan Company reported 39.41 percent decline in net profit at Rs 145.39 crores for the second quarter ended September 30, 2015 affected by sharp drop in income from jewellery business. The company had posted a net profit of Rs 239.98 crores in the same quarter last fiscal, the company said in a BSE filing. Net sales during the...

Retail

Titan Company to focus on omni-channel model for growth

Titan Company is working on a digital strategy to compete with ecommerce rivals, while boosting online sales. To implement the plan, the company has also appointed a new Chief Digital Officer. The company’s product range is available on four third-party platforms such as Flipkart, Amazon and Snapdeal as well as its own website. The aim is to...

Business

Tata Sons to pick 2.18 percent stake in Titan

Tata Sons, the promoter of major operating companies under the Tata group has decided to acquire 2.18 percent stake in Titan Company at an estimated price of over Rs 680 crores taking its total holding to 19.59 percent. Tata Sons will acquire 2.18 percent stake from Tata Steel as a part of restructuring of its investment portfolio, Titan said in...

Business

Titan Company reports 14.7 percent decline in Q1 profit

Leading watch maker Titan has reported net profit of Rs151 crores for the first quarter of 2015/16, a 14.7 percent decline from Rs 177 crores in same period, year ago. In a regulatory filing to the Bombay Stock Exchange, the company said its total income for the first under review also declined 6.6 percent to Rs 2,724 crores from Rs 2,917 crores...

Retail

Titan opens first integrated showroom in Vishakhapatnam

Titan has opened doors to its first integrated retail showroom offering watches, jewellery, eyewear and accessories under a single roof at Vishakhapatnam. The store houses brands under Titan umbrella such as Tanishq, Helios, Fastrack and Titan Eyeplus. The major area, over 4,100 sq. ft., displays Tanishq range, followed by Helios covering 1,500...

Apparel

Titan reports 11.6 percent rise in March quarter profit

Titan has reported a 11.6 percent increase in net profit to Rs 206.44 crores for the March quarter, on the back of strong demand for watches and a fall in material costs. Its total income from operations for the quarter ended 31 March rose 7.27 per cent to Rs 2,803.38 crores. Watches revenue jumped roughly 20 percent to Rs 501.76 crores. Sales...

Apparel

Titan to expand product basket by adding new segments

Aiming for a growth target of 5 billion dollars (over Rs 30,000 crores) in revenue by 2019, Titan is now venturing into new segments such as women's wear and accessories. The Tata Group-company has chalked out an investment of Rs 1,000 crores as a part of the five-year plan. The company reported revenues of over Rs 10,100 crores for the year...

Apparel

Titan inks tie-up with Montblanc for single brand retail

Watches and jewellery retailer Titan has inked a joint venture partnership with luxury goods maker Montblanc International for single brand retail in India. Germany-based Montblanc sells premium pens, leather products, watches, perfumes and jewellery. Experts point out, the JV will help Titan in getting a better position in world-class luxury...