05 July 2022, Mumbai:
Tata Group, Titan's jewellery brand CaratLane has recently launched its first offline store in the valley Srinagar, Jammu & Kashmir to serve the city’s aspirant shoppers with the conscious endeavour to make aspirational & inspiring jewellery accessible to wider customers base.
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Titan Company on February 3 reported a 135.6 percent year-on-year growth in net profit to Rs 987 crore for the quarter ended December, sharply beating analysts' estimate of Rs 847 crore.
The consumer discretionary company reported a 30.6 percent on-year growth in revenue from operations to Rs 9,515 crore, which was also above Street's expectations of 9,337 crores.
Besides the festive period, Titan also benefitted from the record wedding season in the country in the previous quarter as the reopening of the economy post the second wave of the pandemic allowed people to undertake weddings that were delayed.
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CREDITS: Fashion Network
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