{"id":17606,"date":"2022-10-17T16:12:00","date_gmt":"2022-10-17T10:42:00","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=17606"},"modified":"2022-10-17T16:12:04","modified_gmt":"2022-10-17T10:42:04","slug":"titan-sees-robust-jewellery-sales-in-q2-18-yoy","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/titan-sees-robust-jewellery-sales-in-q2-18-yoy\/","title":{"rendered":"Titan Sees Robust Jewellery Sales In Q2, +18% YoY"},"content":{"rendered":"\n<p>Leading Indian jewellery retailer Titan Co. said its Q2 FY 2023 that ended 30<sup>th<\/sup> September witnessed healthy double-digit growth across most businesses with jewellery sales (excluding bullion) growing 18% year on year.<\/p>\n\n\n\n<p>The Jewellery Division \u2013 comprising brands Tanishq, Zoya, Mia and CaratLane \u2013 registered YoY growth on a high base of Q2FY22 that had elements of pent-up demand and spillover purchases of a Covid-disrupted Q1 FY22, the company explained. Plain gold jewellery clocked low double-digit growth whereas studded sales were higher than the overall division driven by good activations and better contribution from high value purchases, it indicated. The product-mix improved compared to last year but continued to be below pre-pandemic levels. Walk-ins grew in low double digits YoY with steady buyer conversions, it added.<\/p>\n\n\n\n<p>Titan said the outlook for the festive season (from Navratri in September 2022) continues to be optimistic and is visible in positive consumer sentiment across categories.<\/p>\n\n\n\n<p>New store additions during Q2 comprised 8 domestic Tanishq stores, 16 Mia by Tanishq outlets, and 1 Zoya showroom. Titan\u2019s 72.3% owned subsidiary CaratLane added 14 new stores.<\/p>\n\n\n\n<p>CaratLane\u2019s business grew 56% YoY, driven by promotions around Raksha Bandhan and hero launches during the Q2. Across categories, solitaires grew the fastest followed by studded and gold jewellery. Studded continued to contribute about 70% of CaratLane\u2019s business despite a larger base as compared to last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Leading Indian jewellery retailer Titan Co. said its Q2 FY 2023 that ended 30th September witnessed healthy double-digit growth across most businesses with jewellery sales (excluding bullion) growing 18% year on year. The Jewellery Division \u2013 comprising brands Tanishq, Zoya, Mia and CaratLane \u2013 registered YoY growth on a high base of Q2FY22 that had&hellip;<\/p>\n","protected":false},"author":1,"featured_media":17607,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-17606","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 Sees Robust Jewellery Sales In Q2, +18% YoY - 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\/titan-sees-robust-jewellery-sales-in-q2-18-yoy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Titan Sees Robust Jewellery Sales In Q2, +18% YoY - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"og:description\" content=\"Leading Indian jewellery retailer Titan Co. said its Q2 FY 2023 that ended 30th September witnessed healthy double-digit growth across most businesses with jewellery sales (excluding bullion) growing 18% year on year. The Jewellery Division \u2013 comprising brands Tanishq, Zoya, Mia and CaratLane \u2013 registered YoY growth on a high base of Q2FY22 that had&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gjepc.org\/solitaire\/titan-sees-robust-jewellery-sales-in-q2-18-yoy\/\" \/>\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=\"2022-10-17T10:42:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-17T10:42:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2022\/10\/2-1banner.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\/titan-sees-robust-jewellery-sales-in-q2-18-yoy\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2022\/10\/2-1banner.jpg\",\"width\":1000,\"height\":500},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/titan-sees-robust-jewellery-sales-in-q2-18-yoy\/#webpage\",\"url\":\"https:\/\/gjepc.org\/solitaire\/titan-sees-robust-jewellery-sales-in-q2-18-yoy\/\",\"name\":\"Titan Sees Robust Jewellery Sales In Q2, +18% YoY - 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\/titan-sees-robust-jewellery-sales-in-q2-18-yoy\/#primaryimage\"},\"datePublished\":\"2022-10-17T10:42:00+00:00\",\"dateModified\":\"2022-10-17T10:42:04+00:00\",\"author\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/gjepc.org\/solitaire\/titan-sees-robust-jewellery-sales-in-q2-18-yoy\/\"]}]},{\"@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\/17606","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=17606"}],"version-history":[{"count":1,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/17606\/revisions"}],"predecessor-version":[{"id":17608,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/17606\/revisions\/17608"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/media\/17607"}],"wp:attachment":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/media?parent=17606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/categories?post=17606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/tags?post=17606"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/thb-sponsors?post=17606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}