Titan Company: jewellery segment accounts for almost 90% of Titan’s consolidated operating income


  • Titan Company: jewellery segment accounts for almost 90% of Titan’s consolidated operating income 
  • Market leadership position in the branded jewellery and wristwatch industries with a large scale of operations
    • –Titan has four  operating  segments in  its  retail  business –jewellery,  watches  and  wearables,  eyecare  and  fragrances  and  fashion accessories. 
    • Planned retail expansion and regular new product launches are through the subsidiary, Titan Engineering & Automation Limited (TEAL). 
    • While the jewellery segment accounts for almost 90% of Titan’s consolidated operating income and EBIT, the other consumer retail segments and the engineering segment provide diversification and are likely to drive business growth over the medium term. 
    • The company maintains a geographically diversified retail presence with more than 3,300 retail stores as on June30, 2025, including 24overseas jewellery stores in the Gulf countries, the US and Singapore. 
    • Titan is India’s leading jewellery retailer with a strong brand equity across its flagship brands namely Tanishq, Mia, Zoya and Caratlane. 
    • The jewellery segment’s revenue rose at a CAGR of 26% between FY2020 and FY2025. 
    • Titan is also a dominant player in the Indian wristwatch industry with a wide distribution and service network, a diversified product portfolio across price segments and established brands like Titan, Fastrack, Sonata and Xylys. 
    • Planned retail expansion and regular new product launches are likely to continue to support Titan’s business growth over the medium term.  
  • Exposed  to  intense competition  from  organised  and  unorganised  players
    • –The  jewellery  retailing  industry  is highly fragmented and intensely competitive with presence of large organised and unorganised players, impacting pricing flexibility. Competition has increased in the recent yeeyecaresegmentsntinuous store addition by regional and national jewellersand entry of  new  players. 
    • Nonetheless, Titan’s market leadership position along with a strong recall of its Tanishq, Zoya, Mia and Caratlane brands are expected to support its operating performance in the existing and new markets. 
    • While the performances of the watches and eye care segments have improved after the pandemic, their business remains exposed to competition from local as well as e-commerce retailers.

Titan Company: Down 20% from top

  • The Jewellery Division, with brands Tanishq, Mia by Tanishq, Zoya, and CaratLane, significantly contributes to Titan’s revenue and profit.
  • Tanishq, flagship brand, stands as India’s largest jewellery retailer
  • Sustain 15-20% CAGR in Jewellery Division’s topline over next 3 years, leading to a market share gain from 8.5% in Financial Year 2023-24 to around  10-11% by Financial Year 2026-27
  • Stores that were once 5,000 square feet have now even expanded to 9,000 square feet, representing a considerable increase in size and stature. 
  • Additionally, many of these stores are now multi-level stand-alone buildings. 
  • Currently, approximately 180 stores equipped with a dedicated wedding floor, marking a significant increase compared to five to seven years ago when the number was less than 90.


Comments

Post a Comment

Popular posts from this blog

Transcript of NMDC Limited post Q4 & FY 2024-25 Results

Image
Transcript of NMDC Limited post Q4 & FY 2024-25 Results Growth in PAT on an annual or a year-on-year 12-month basis of around 19% and PBT after exceptional item of around 16% Gold operations in Legacy, the first year was have also stabilized Legacy in the last 2 months, 3 months.  And hopefully, in this financial year, Legacy would also be showing good profits IMPORTS India which imports around 55 million, 60 million tons is likely to go up to 150 million to 160 million tons of import for India in terms of coking coal.  Have entered into arrangement with SAIL 60% of total sales as of date is routed through SAIL because send it to their stocking yard.  So based on the user charge, they also market mmdc products 40% still Nmdc market directly in terms of HR coils 2025 year will be much more substantially action packed in terms of NMDC Open new mines within India, coal and iron ore Outside India, we hope to acquire a few mines.  This will be a year where it will be ...
Read more

Looking to park some excess funds for the short term.?

Image
Looking to park some excess funds for the short term.  LiquidBeES by Nippon - has been the default choice for years. But lately, it’s become muscle memory to run everything past ChatGPT.  Just a quick: “Is there a better option than LiquidBeES?” It turns out, there is.  LIQUIDCASE by Zerodha AMC.  Difference was not subtle and decision was easier : - Expense ratio: Less than half of LiquidBeES - Net returns: ~6.2% vs ~5.7% (1-year annualized) - Same safety, same liquidity - AUM already >1/3rd of LiquidBeES in record time This is how discovery is changing. And this is how smart products go viral. Zerodha didn’t try to educate the market.  Discovery is no longer driven by ads or advisors.  It’s driven by habit, trust, and tools like ChatGPT. And when you get it right, traction follows fast. I won’t be surprised if LIQUIDCASE overtakes LiquidBeES in under 18 months. Thank you for contacting Rounaq! Please let us know how we can help you.  About me :...
Read more

𝐖𝐡𝐲 𝐃𝐨 𝐍𝐑𝐈𝐬 𝐈𝐧𝐯𝐞𝐬𝐭 𝐢𝐧 𝐈𝐧𝐝𝐢𝐚?

Image
  𝐖𝐡𝐲 𝐃𝐨 𝐍𝐑𝐈𝐬 𝐈𝐧𝐯𝐞𝐬𝐭 𝐢𝐧 𝐈𝐧𝐝𝐢𝐚? Whether you're living in the US, UAE, UK, or Singapore; India continues to be a hotspot for wealth creation. But why do so many NRIs still invest here? Here’s why 👇 ✅ Higher Returns – Indian equity markets, mutual funds, and even fixed deposits offer attractive long-term returns. ✅ Tax-Free Income – Interest from NRE and FCNR deposits is tax-free in India. Plus, DTAA helps avoid double taxation. ✅ Currency Edge – You invest in INR, and with the right timing, your gains in foreign currency terms could be even higher. ✅ Diversification – Indian assets like gold, real estate, and stocks add balance to a global portfolio. ✅ Future Ready – Planning to return to India someday? Build your base early with property or retirement-focused investments. ✅ Emotional Roots – Beyond numbers, India is still home. 💡 Whether it’s for wealth creation, retirement planning, or building assets back home, India offers a solid mix of growth + stability...
Read more