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Stock to Track: Jewellery-to-watches maker Titan logs 25% revenue growth in Q4 FY25—55 new stores added
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Shares in News: Tata group lifestyle product maker Titan on Monday said its revenue grew 25 per cent in the March quarter, with growth og 25 per cent, 22 per cent and 19 per cent in its jewellery, watches and eyecare divisions, respectively. Titan is yet to announce the date on which it will announced its quarterly results. Read on to learn about Titan's Q4 business update in detail.
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Tata group firm Titan makes a range of lifestyle products including jewellery and watches.
Titan Q4 FY25 Update, Tata Group Stock News: Bengaluru-headquartered luxury and lifestyle products maker Titan said on Monday that its revenue grew 25 per cent over the corresponding period a year ago in the quarter ended March 31. The Tata group jewellery-to-watches maker—whose popular brands include Fastrack, Sonata, Titan Raga, Tanishq, Zoya and CaratLane—said its jewellery division saw revenue growth of 25 per cent on a year-on-year basis during the final quarter of the financial year 2024-25, which ended on March 31.
Within the jewellery segment, growth in its domestic operations was recorded at 24 per cent on the back of a significant increase in gold rates, according to Titan.
Titan said that growth in its watches and eyecare divisions stood at 22 per cent and 19 per cent respectively.
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The Tata group firm said its consolidated retail network expanded by 72 stores (across brands) during the quarter, taking the number of 3,312 stores.
In the emerging business unit, the company registered revenue growth of 7.0 per cent in Q4, with net store addition at 55 units.
In the CaratLane unit, Titan said it clinched 22 per cent growth with net store addition at 17 units.
Image source: Regulatory filing
The company reduced the number of its eyecare stores by nine (net) to 898 stores. "Titan Eyeplus, with its multibrand approach, registered a healthy double-digit growth driven by international brands. E-commerce is a new growth driver for the Division and is favoured by consumers for affordable fashion purchases like sunglasses. Titan Eye+ added two new stores in the UAE region, one each in Sharjah and Dubai. Division closed 11 stores (net) in India during the quarter," added Titan.
Earlier on Monday, Titan shares ended lower by Rs 52.5, or 1.7 per cent, at Rs 3,023.7 apiece on BSE, amid a market-wide sell-off on Dalal Street.
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