{"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 class=\"wp-block-paragraph\">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 class=\"wp-block-paragraph\">\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 class=\"wp-block-paragraph\">\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 class=\"wp-block-paragraph\">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 class=\"wp-block-paragraph\">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 class=\"wp-block-paragraph\">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":{"_monsterinsights_skip_tracking":false,"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 v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\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, 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. 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