/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
With demand concentrated in semi-urban and rural areas, India’s leading jewellery maker will have to devise a strategy to woo those customers.
Editor's note: Titan Company Ltd, one of India’s top jewellery makers, has had a good run. The Tata group firm recorded sales of Rs 8,308 crore in the September quarter of the current fiscal year, up 19% from the previous year. Its jewellery business, which accounts for 87% of its total sales, reported an all-time-high figure. The company’s stock touched a 52-week high of Rs 2,790 last week. Over the last three years, Titan’s jewellery business has gained from the pandemic-driven bull run in the commodities market and an increase in the prices of gold and diamonds owing to a shortage of commodities in the wake of the war in Ukraine. However, with commodity prices normalizing, Titan’s stock may have hit a peak. The company seems to have sensed this and is thus looking for an aggressive retail expansion. At its investor conference in May, Titan announced a plan to grow the jewellery business 2.5x over the next five years. It has set a target to open more than 600 stores in over 300 cities and towns by 2025; the company currently …
The watchmaker dominates the mass segment, but its relevance lies in going upmarket.
At a time when startups selling chips or pet food have raised millions of dollars in funding, investors have shunned wearable tech companies. The fate of the sector hangs in the balance.
The prominent Indian jewellery maker is buying Dubai’s Damas, Mubadala is backing qlub and Saudi Arabia picks the players for a new low-cost airline.
