Good news for Ratan Tata as this Tata Group company posts 25% YoY growth, adds….
GH News October 05, 2024 11:06 AM
In a big boost for Ratan Tata Titan Company announced on October 4 that it achieved a significant ~25% year-on-year growth in the second quarter of FY25. As per the quarterly business update of the group the Tata Group-owned company added a net total of 75 stores during the quarter taking its total store numbers to 3171. Titan a Tata group manufacturer of jewellery watches and other consumer lifestyle-related products registered growth of 25 per cent in revenue for the July-September period. In the recent quarterly update Titan celebrated a surge in business enjoying a 6% uplift in their eye care division. The emerging business sector wasnt left behind experiencing an impressive 14% growth. Meanwhile within the jewellery bracket CaratLane truly shone boasting a head-turning 28% boost in sales. It helped propel the total number of Titans retail locations to a massive 3171. Titan with its amazing spread of offerings - from watches and jewellery to eyewear - triumphantly houses names like Titan Fastrack Sonata Titan Raga Tanishq Zoya and CaratLane under its corporate umbrella. Jewellery domestic operations grew c.25% YoY in 02 after a relatively soft 01. Consumer demand significantly picked up momentum after the reduction in custom duty on gold imports from 15% to 6% leading to a strong double-digit uptick in gold (plain) for the quarter Titan said in an exchange filing. Tata CLiQ Tata CLiQ Luxury and Tata CLiQ Palette announce flagship festive sale The Tata Groups flagship e-commerce initiatives—Tata CLiQ Tata CLiQ Luxury and Tata CLiQ Palette—are hosting their annual and much-anticipated flagship 10/10 sale. Scheduled from October 3 to October 17 2024 the sale will have attractive offers across various categories such as apparel beauty accessories footwear jewellery watches and more. From early access to wish listed products to limited-hour flash deals and door opening deals it is indeed the best time for consumers to shop from their favourite brands and reimagine their festive wardrobes and homes this season. Timepieces from brands like Fossil and Timex are up to 40% off while Titan will be at a minimum 20% off. One can grab the best offers in the accessories category from brands like Aldo Guess Hidesign and Tommy Hilfiger. In the jewellery section brands like Joyalukkas and P.N. Gadgil are up to 20% off while Giva will be available at an impressive 75% off. Mia by Tanishq will also have offers one cant miss. Apple accessories along with JBL and Sony products in the gadgets section will have special offers. (With inputs from agencies)
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