Jewellery division constitutes nearly 90% of Titan company’s consolidated revenue. Tanishq, Mia, Zoya and CaratLane are major jewellery brands under Titan’s jewellery division. According to the Q4FY24 quarterly update, jewellery domestic operations grew 19% YoY led by both buyers and same store sales clocking healthy double-digit growth. Growth was similar across gold (plain) and studded segments.
Titan Company’s flagship brand, Tanishq ‘s retail network stood at 477 stores (across more than 270 cities & towns) as of March 2024 and includes 10 stores in GCC, 4 stores in USA, and 1 store in Singapore. Tanishq added a new store in Dubai and Chicago (USA) in March Quarter 2024. The company made 27 new jewellery store additions in Q4FY24 in India of which 11 stores were added in Tanishq, 16 stores were added in Mia and 10 in CaratLane. Total Titan Company’s jewellery stores were 665 as of March 2024 of which 178 were Mia Stores and CaratLane’s retail network stood at 272 stores.
