India’s Titan Enjoys Strong Diwali Sales
Titan Company’s revenue grew in the past three months amid robust demand during the Indian festival season, the jewelry retailer reported.
Sales rose 12% year on year — excluding subsidiaries — for the third fiscal quarter, which ended December 31, the company said Friday. Jewelry revenues gained 11%, with watches and wearables up 14%.
The quarter is one of the most important for the Indian jewelry market, as it contains the Diwali holiday — which, in 2022, occurred on October 24 — and the beginning of the wedding season. The company noted growth in new jewelry buyers during the festival shopping period, higher-value purchases in the gem-studded category, and a positive impact from “unique new collections.” Sales of studded pieces moderately outpaced plain gold jewelry, while wedding demand increased at a similar rate to overall jewelry sales.
Meanwhile, CaratLane, an online jewelry retailer in which Titan owns a 72% stake, saw 50% growth year on year, benefiting from festival gifting campaigns. Studded-jewelry sales slightly outperformed other categories.
The group will likely release full results for the quarter — including sales value — in early February.
Image: Inside a Tanishq store. (Titan Company)
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Rough To Polish | Diamond Journey | કાપવો & ઘસવું | હીરા બજાર | મહિધરપુરા, સુરત | Jaykar Group Posted by Jaykar Group • 25-08-2022
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Diamond Trends Webinar with Martin Rapaport Posted by Rapaport • 24-08-2022
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Lightening Up: White Palettes for the Summer Posted by Rachael Taylor • 23-08-2022
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Stuntman Stan Barrett’s Rolexes to Go on Auction Block Posted by Anthony DeMarco • 23-08-2022
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Sotheby’s to Offer NFT at Contemporary-Artist Jewelry Sale Posted by Anthony DeMarco • 21-08-2022
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Gem Diamonds Sales Slide in First Half Posted by Anthony DeMarco • 18-08-2022
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Sarine Rolls Out In-House Grading Posted by Joshua Freedman • 16-08-2022
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A Rocky Start-Up: Incubators in the Diamond Industry Posted by Sarah Jordan • 15-08-2022
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India’s Largest Bank Launches Lab-Grown Lending Posted by Joshua Freedman • 11-08-2022
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Sarine Sales Slip in Slower Diamond Market Posted by Joshua Freedman • 09-08-2022
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Burgundy Diamond Mines Inks New Polished Deals Posted by Leah Meirovich • 03-08-2022
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Fancy-Color Price Index Rises Posted by Joshua Freedman • 03-08-2022
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Lucapa Unearths 170ct. Pink from Lulo Posted by Leah Meirovich • 27-07-2022
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Gem Diamonds’ Letšeng Mine Yields 114ct. Rough Posted by Rapaport News • 19-07-2022
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India Diamond Shipments See Moderate Growth Posted by Rapaport News • 19-07-2022
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Why Can’t De Beers and Botswana Reach a Deal? Posted by Joshua Freedman • 17-07-2022
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How a 910ct. Rough Became a Sparkling Van Cleef Collection Posted by Joshua Freedman • 13-07-2022
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The New Digital Dawn of Post-Pandemic Retail Posted by Lara Ewen • 07-07-2022
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India Tax Rise Will Help Industry, Says Trade Body Posted by Rapaport News • 04-07-2022
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De Beers, Botswana Sales Deal Delayed Again Posted by Rapaport News • 29-06-2022
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101ct. Diamond Rakes In $13M at Sotheby’s Posted by Rapaport News • 19-06-2022
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India’s Diamond Trade Bounces Back in May Posted by Rapaport News • 20-06-2022
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Made to Go Mainstream Posted by Avi Krawitz • 20-06-2022
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Jaykar Group Presents for The First time ever Tender for Labgrown Polished Diamonds. Posted by Jaykar Group • 07-10-2021
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Rapaport Weekly Market Comment Posted by Rapaport News • 06-10-2021
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Titan Sales Rise as Indian Consumers Return Posted by Rapaport News • 06-10-2021
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India Polished Shipments Extend Recovery Posted by Rapaport News • 04-10-2021
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Pandora Papers: The Diamond Connection Posted by Rapaport News • 04-10-2021
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Diamond Prices Soften in Slow September Trading Record inventory buildup of 0.30 to 0.50 ct. goods Posted by Rapaport • 04-10-2021
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India Considers Its Future Posted by Rapaport News • 03-10-2021
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India Sees Highest Polished Exports Since Feb. 2019 Posted by Rapaport News • 16-08-2021
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Profit Bounces Back at Indian Jeweler Titan Posted by Rapaport News • 07-08-2021
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India Aiming for Sharp Export Jump Posted by Rapaport News • 07-08-2021
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Christies to Sell 24ct. Heart Diamond Online Posted by Rapaport News • 07-08-2021
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Sarine Sales Soar as Manufacturing Returns Posted by Rapaport News • 04-08-2021
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Lucara Recovers 394ct. Rough from Karowe Posted by Rapaport News • 31-07-2021
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De Beers Sales Rise Following Price Increase Posted by Rapaport News • 27-07-2021
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Cullinan Yields 343ct. Rough for Petra Posted by Rapaport News • 27-07-2021
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Trans Atlantic Garners $62M at Record Rough Tender Posted by Rapaport News • 24-07-2021
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Indias Polished Trade Extends Recovery Posted by Rapaport News • 17-07-2021
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Rapaport Weekly Market Comment Posted by Rapaport News • 14-07-2021
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Ellendale Owner Discovers Hidden Yellow Diamonds Posted by Leah Meirovich • 14-07-2021
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Argyle Pink Breaks Records at Public Tender Posted by Leah Meirovich • 13-07-2021
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Chinas Diamond Imports Surge Posted by Rapaport News • 12-07-2021
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Israels Diamond Trade Continues Recovery Posted by Rapaport News • 12-07-2021
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Petra Sells Blue Diamond to De Beers for $40M Posted by Rapaport News • 12-07-2021
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De Beers Mulls Sale of Botswana Mine Posted by Leah Meirovich • 10-07-2021
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101ct. Diamond Goes for $12M in Cryptocurrency Posted by Rapaport News • 10-07-2021
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Rapaport Weekly Market Comment Posted by Rapaport News • 07-07-2021
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Diamond Production Plunges in 2020 Posted by Rapaport News • 07-07-2021
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Diamond Mine Sells for Just $50K Posted by Rapaport News • 03-07-2021
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Angola Rough Tender Brings In More Than $56M Posted by Rapaport News • 27-06-2021
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Rapaport Weekly Market Comment Posted by Rapaport News • 23-06-2021
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Trade Seeks to Broaden Kimberley Process Agenda Posted by Rapaport News • 23-06-2021
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Ruby Ring Crushes Estimate at Auction Posted by Rapaport News • 23-06-2021
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WD Launches Traceable Lab-Grown Brand Posted by Rapaport News • 23-06-2021
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De Beers Sales Bounce Back Posted by Rapaport News • 22-06-2021
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Lucara Wows Again with 1,175ct. Rough Posted by Rapaport News • 22-06-2021
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Banks Boost Credit to Indian Trade Posted by Rapaport News • 21-06-2021
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22ct. Pink Diamond Up for Sale Posted by Rapaport News • 21-06-2021
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Diacore Buys Record Yellow Diamond for $5M Posted by Rapaport News • 20-06-2021
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How Many Bitcoins for a 101ct., Flawless Diamond? Posted by Leah Meirovich • 20-06-2021
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Alrosa Reshuffles Supervisory Board Posted by Rapaport News • 20-06-2021
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US Diamond Shipments See April Recovery Posted by Rapaport News • 19-06-2021
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50ct. Diamond Sets Online Record at Sothebys Posted by Rapaport News • 19-06-2021
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Diamond Rush in South African Village Posted by ECONOMY • 17-06-2021
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World Reading Day 2021 Posted by JAYKAR • 18-06-2021
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Worlds Third-Largest Diamond Discovered by Debswana Posted by MINING AND EXPLORATION • 15-06-2021
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Exceptional Blue Diamond to Yield a Million per Carat Posted by ROUGH MARKET • 14-06-2021
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How Two Crises Shaped the Diamond Trade Posted by Avi Krawitz • 14-06-2021
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New Synthetics Facility to Open in Israel Posted by Rapaport News • 13-06-2021
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Mountain Province Prices Jump 18% Posted by Rapaport News • 12-06-2021
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US Jewelry Revenues Surge in May Posted by Rapaport News • 12-06-2021
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Jewelers Mutual Snaps Up E-Commerce Group Posted by Rapaport News • 12-06-2021
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NRF Raises Forecast for 2021 US Retail Sales Posted by Rapaport News • 12-06-2021
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Rapaport Weekly Market Comment Posted by Rapaport News • 09-06-2021
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Signet Gaining Market Share as Sales Soar Posted by Rapaport News • 09-06-2021
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Alrosa Sales Steady as Cutters Continue to Buy Posted by Rapaport News • 10-06-2021
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IGI Identifies 6ct. Lab-Grown Submitted as Natural Posted by Rapaport News • 09-06-2021
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Diamond Necklace Leads $38M Sothebys Auction Posted by Rapaport News • 09-06-2021
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India Launches New Trade Fair in Dubai Posted by Rapaport News • 08-06-2021
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54ct. Diamond Crushes Estimate at Christies Posted by Rapaport News • 08-06-2021
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Israels Polished Trading Surges Again Posted by Rapaport News • 08-06-2021
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Indias Polished Exports Set to Jump Posted by Rapaport News • 07-06-2021
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Lucara Turns Up 470ct. Rough at Karowe Posted by Rapaport News • 07-06-2021
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De Beers Raises Prices of Larger Diamonds Posted by Joshua Freedman • 06-06-2021
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Diamond Suppliers See Unprecedented Sales Posted by Joyce Kauf • 06-06-2021
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Grib Taps Sarines Traceability Tech Posted by Rapaport News • 06-06-2021
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Gem Lab IGI Pledges to Become Carbon-Neutral Posted by Rapaport News • 06-06-2021
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Indias Domestic Trade Pleads for Financial Help Posted by Rapaport News • 06-06-2021
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Diamond Shortages Driving Crazy Rough Prices Posted by Joshua Freedman • 06-06-2021
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Steady Demand Lifts Diamond Prices Posted by Rapaport • 06-06-2021
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World Bicycle Day 2021: From significance of the day to health benefits of cycling, heres all you need to know Posted by JAYKAR GROUP • 02-06-2021
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Rapaport Webinar: Five Steps Toward Recovery Posted by Rapaport News • 25-05-2021
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Lucapa to Buy Australias Merlin Mine Posted by Rapaport News • 24-05-2021
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India Exports Hit Two-Year High Posted by Rapaport News • 24-05-2021
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Christies Unveils Vintage Selection for Paris Sale Posted by Rapaport News • 24-05-2021
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IGI Debuts Training Courses in Egypt Posted by Rapaport News • 24-05-2021
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Christies Sells Pink Diamond for Record $29M Posted by Rapaport News • 23-05-2021
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12ct. Diamond Crushes Estimate at Skinner Sale Posted by Rapaport News • 22-05-2021
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Lab Spots Synthetic Ruby Necklace Sold as Natural Posted by Rapaport News • 19-05-2021
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De Beers Sales Stall Amid India Slowdown Posted by Rapaport News • 18-05-2021