{"id":14765,"date":"2022-04-08T14:25:20","date_gmt":"2022-04-08T08:55:20","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=14765"},"modified":"2022-04-08T14:25:23","modified_gmt":"2022-04-08T08:55:23","slug":"titans-q4-jewellery-revenue-drops-4","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/titans-q4-jewellery-revenue-drops-4\/","title":{"rendered":"Titan\u2019s Q4 Jewellery Revenue Drops 4%"},"content":{"rendered":"\n<p>Titan Company Ltd., India\u2019s biggest jewellery retail chain, reported softer sales during Q4 of FY 2021-22 that ended 31<sup>st<\/sup> March, 2022. Titan said its jewellery division \u2013 comprising the four brands Tanishq, Zoya, Mia and CaratLane \u2013 ended the volatile quarter with a 4% decline in revenue versus a strong Q4 FY21 base, which had a benefit of a large B2B order.<\/p>\n\n\n\n<p>\u201cBusiness saw subdued activity in top cities due to the Omicron wave in January 2022, a very strong resurgence in February 2022 and again a drop in customer purchases in March 2022 on the back of sharp rise in gold prices and sentiment impact due to the external geo-political conflict. While walk-ins saw minor decline, the customer conversions and ticket sizes grew marginally for the quarter compared to the same period last year,\u201d the company said.<\/p>\n\n\n\n<p>\u201cSales from top 8 cities grew in single digits while the rest of India saw a small decline. Though the plain jewellery category bore the brunt of gold volatility in Mar 2022 leading to a slight decline for the quarter, studded sales clocked in a high single-digit growth, thereby partially cushioning the impact,\u201d it added.<\/p>\n\n\n\n<p>Golden Harvest enrolments witnessed double digit growth rates. In Q4, Titan continued store expansions with the commissioning of 7 new Tanishq stores, 8 Mia stores and 1 Zoya showroom.<\/p>\n\n\n\n<p>Tanishq\u2019s Rivaah wedding jewellery collection &#8216;Romance of Polki\u2019 was launched in March 2022 for the upcoming wedding season. Mia by Tanishq&#8217;s new collections of &#8216;The Cupid Edit&#8217; and &#8216;Kiss of Spring-2&#8217; focused on events of Valentine&#8217;s Day, Women&#8217;s Day and Mia&#8217;s 10th anniversary. Zoya&#8217;s marquee new collection &#8216;Aetema&#8217; \u2013 ensconcing two new patents on stone cuts and an ode to infinite feminine energy marrying ancient symbolism with modern aesthetics, underscored the brand\u2019s design legacy.<\/p>\n\n\n\n<p>During the quarter, Titan invested $20 million in cash for a 17.5% stake in US-based lab-grown diamond (LGD) jewellery retailer Great Heights Inc. \u201cto deepen its understanding of the LGD space.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Titan Company Ltd., India\u2019s biggest jewellery retail chain, reported softer sales during Q4 of FY 2021-22 that ended 31st March, 2022. Titan said its jewellery division \u2013 comprising the four brands Tanishq, Zoya, Mia and CaratLane \u2013 ended the volatile quarter with a 4% decline in revenue versus a strong Q4 FY21 base, which had&hellip;<\/p>\n","protected":false},"author":1,"featured_media":14766,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-14765","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Titan\u2019s Q4 Jewellery Revenue Drops 4% - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gjepc.org\/solitaire\/titans-q4-jewellery-revenue-drops-4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Titan\u2019s Q4 Jewellery Revenue Drops 4% - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"og:description\" content=\"Titan Company Ltd., India\u2019s biggest jewellery retail chain, reported softer sales during Q4 of FY 2021-22 that ended 31st March, 2022. Titan said its jewellery division \u2013 comprising the four brands Tanishq, Zoya, Mia and CaratLane \u2013 ended the volatile quarter with a 4% decline in revenue versus a strong Q4 FY21 base, which had&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gjepc.org\/solitaire\/titans-q4-jewellery-revenue-drops-4\/\" \/>\n<meta property=\"og:site_name\" content=\"Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-08T08:55:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-08T08:55:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2022\/04\/01banner-7.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/#website\",\"url\":\"https:\/\/gjepc.org\/solitaire\/\",\"name\":\"Solitaire magazine is a International jewellery magazine - India\\u2019s leading B2B gem and jewellery magazine\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/gjepc.org\/solitaire\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/titans-q4-jewellery-revenue-drops-4\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2022\/04\/01banner-7.jpg\",\"width\":1000,\"height\":500},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/titans-q4-jewellery-revenue-drops-4\/#webpage\",\"url\":\"https:\/\/gjepc.org\/solitaire\/titans-q4-jewellery-revenue-drops-4\/\",\"name\":\"Titan\\u2019s Q4 Jewellery Revenue Drops 4% - Solitaire magazine is a International jewellery magazine - India\\u2019s leading B2B gem and jewellery magazine\",\"isPartOf\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/titans-q4-jewellery-revenue-drops-4\/#primaryimage\"},\"datePublished\":\"2022-04-08T08:55:20+00:00\",\"dateModified\":\"2022-04-08T08:55:23+00:00\",\"author\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/gjepc.org\/solitaire\/titans-q4-jewellery-revenue-drops-4\/\"]}]},{\"@type\":[\"Person\"],\"@id\":\"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79\",\"name\":\"GJEPC\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f6c5b479a8ec14da0f88385e2b6cd51ccb37ac80c31409ecaebe5524700952a2?s=96&d=mm&r=g\",\"caption\":\"GJEPC\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/14765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/comments?post=14765"}],"version-history":[{"count":1,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/14765\/revisions"}],"predecessor-version":[{"id":14767,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/14765\/revisions\/14767"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/media\/14766"}],"wp:attachment":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/media?parent=14765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/categories?post=14765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/tags?post=14765"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/thb-sponsors?post=14765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}