The Company registered a Revenue growth of c.17% YoY in Q4FY24. A total of 86 stores (net) were added in the quarter. The retail network presence stands at 3,035 stores.
Segment ISubs,d,ary. .
YoY Growth01/o (Q4FY24 v/s Q4FY23)
A
New Store
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•
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.in
Total Stores
(As of Mar'24)
Jewelle
18%
29
665
44
1,120
______{�).
905
_ ______,
11
73
10
272
Note: Growth percentages rounded to the next closest integer. Metrics in Jewellery, TCL (Standalone) and CaratLane exclude bullion sales; International Business metrics are included in Jewellery, Watches & Wearables and EyeCare wherever applicable
Jewellery domestic operations grew c.19% YoY led by both buyers and same store sales clocking healthy double digit growths. Growth was similar across gold (plain) and studded segments. Tanishq added a new store in Dubai and Chicago (USA) during the quarter. Of the 27 new store additions (net) in India, 11 stores were added in Tanishq and 16 stores were added in Mia.
Watches & Wearables domestic business grew c.7% YoY comprising of c.7% Revenue growth in analog watches and c.2% growth in Wearables. Helios channel housing Titan and International brands grew fastest in the analog portfolio clocking a healthy double-digit growth. 44 new stores were added in the quarter consisting of 10 stores in Titan World, 20 in Helios and 14 in Fastrack respectively.
EyeCare Division's Revenue declined by c.1% YoY. Titan Eye+ added a new store in Dubai taking the total count to 4 stores in the GCC region.
In Emerging Businesses, Taneira's Revenue grew c.37% YoY. The brand opened 11 new stores during the quarter comprising of 8 new city additions. The Fragrances & Fashion Accessories Revenue grew by c.12% YoY. Within businesses, Revenue in Fragrances grew by c.9% YoY and Fashion Accessories grew c.18% YoY.
Caratlane's business grew c.30% YoY. Studded segment grew in-line with overall growth. Business added 10 new domestic stores (net) expanding the network presence to 272 stores.
The above information for the quarter ended 31st March 2024 is provisional, and subject to Annual Audit by the Statutory Auditors of the Company.
For Titan Company Limited,
(
Chief Financial Officer
Titan Company Limited
'INTEGRITY' #193 Veerasandra Electronics City P.O. Off Hosur Main Road, Bangalore 560100 India. Tel: 9180 6704 7000 Fax: 9180 6704 6262 Registered Office 3, SIPCOT Industrial Complex Hosur 635 126, TN India. Tel-91 4344 664 199 Fax 91 4344 276037, CIN: L74999TZ1984PLC001456 www.titancompany.in
A TATA Enterprise
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Titan Company Limited specializes in the design, manufacture and marketing of watches, jewellery, eyewear and fashion accessories. Net sales break down by product family as follows:
- jewellery items (88.5%): gold jewellery decorated with diamonds and precious stones, pure gold and platinum jewellery (Tanishq, Zoya, Mia, Carat Lane and Gold Plus brands);
- watches (7.3%): sold under own brands (Titan, Fastrack, Sonata, Favre Leuba, Xylys and Nebula), and under license brands (Tommy Hilfiger, Police, FCUK, Annie Klein, Kenneth Cole and Esprit);
- eyewear (1.7%): eyeglasses, sunglasses, frames, lenses and contact lenses (Titan Eye Plus, Titan, Fastrack and Glares brands).
The balance of net sales (2.5%) concerns the distribution activities of perfumes (Skinn by Titan brand), saris (Taneira Sarees brand) and fashion accessories, as well as the manufacture of precision engineering products and industrial machinery.
Products are marketed through a network of 1,909 exclusive stores located in India, over 7,000 multi-brand outlets and via the Internet.
At the end of March 2021, the group had 11 production sites in India.
India accounts for 99.5% of net sales.
TITAN COMPANY LIMITED 
