Remained steady in a market driven by economic shifts, changing gold prices, says Titan Company
In a market driven by economic shifts, changing gold prices and evolving customer preferences, Titan Company remained steady and crossed a revenue of ₹50,000 crore during financial year 2024-25, said the Tata Group firm, which manufactures fashion accessories, jewellery, watches and eyewear.
The year witnessed an increase in demand for daily-wear, lightweight gold pieces and bridal collections, even as diamond jewellery performance remained mixed, said Titan Company in its annual report released on Friday. The fiscal 2024-25 saw over 3 million customers purchasing jewellery from the brand.
Despite a challenging start to the year due to a subdued wedding season and external factors like elections, the business picked up momentum following a reduction in customs duty in July 2024. The latter half of the year witnessed strong festive and wedding demand, said the company.
Titan Company further said it responded to gold price fluctuations with proactive bullion management, and this included intelligent use of Gold on Lease and stringent controls on inventory without compromising on the product variety of availability.
The fashion accessory player also said the introduction of 18 karat collections and investment-focused offerings helped the company address both sentiment and affordability, particularly in price-sensitive segments.
Titan Company's gold exchange programme continued to be a strong driver of footfall, it said, adding, during the year, more than 8 lakh customers exchanged over 18 tonne of gold. Savings-led products through the launch of the Rivaah Golden Advantage plan and Golden Harvest offered customers a dependable way to plan their jewellery purchases in an environment of volatile gold prices, claimed the company.
Commenting on the company's Environmental, Social, and Governance (ESG) initiatives, C. K. Venkataraman, Managing Director, said Through the Pragati programme, which seeks to help Titan play out its responsibilities to the Planet as well as the People, the company would strengthen its thrust towards Net zero carbon, reducing fresh water consumption, Afforestation, Partner responsibility, DEI (diversity, equity and inclusion,) Community responsibility, Ethics and governance.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
16 hours ago
- Business Standard
Air India SATS terminates 4 staffers over office party after plane crash
Airport services management firm Air India SATS Services (AISATS) has dismissed four senior executives for hosting a party at its office, days after a video clip of the gathering in the backdrop of the fatal Air India plane crash elicited criticism from various quarters. AISATS is a joint venture between Tata Group-owned Air India and Singapore's SATS Ltd, a global provider of gateway and food solutions. In the wake of the recent air crash and other challenges facing Air India, an unverified video has surfaced reportedly showing the COO and VP at a DJ party on Friday at the airline's Delhi office. #AirIndia #AirIndiaCrash @TataCompanies #airlineaccountability — Pradeep Rai (@pradeepraiindia) June 21, 2025 In a statement on Friday, AISATS said it has taken "firm disciplinary action" against the people responsible for the party but did not disclose specific details. A source said the company has terminated the services of four senior executives for their direct role in hosting the party. "At AISATS, we stand in solidarity with the families affected by the tragic loss of AI 171 and deeply regret the lapse in judgment reflected in a recent internal video. The behaviour does not align with our values, and firm disciplinary action has been taken against those responsible as we reaffirm our commitment to empathy, professionalism, and accountability," the company said in the statement. The company did not mention the date when the party took place. The video clip of many AISATS employees dancing in the office went viral recently and many social media users criticised it. In the Air India plane crash in Ahmedabad on June 12, 270 people, including 241 people onboard the aircraft, died. One passenger survived. The Boeing 787-8 aircraft enroute to London Gatwick crashed into a medical hostel complex soon after take-off.
The Hindu
18 hours ago
- The Hindu
Remained steady in a market driven by economic shifts, changing gold prices, says Titan Company
In a market driven by economic shifts, changing gold prices and evolving customer preferences, Titan Company remained steady and crossed a revenue of ₹50,000 crore during financial year 2024-25, said the Tata Group firm, which manufactures fashion accessories, jewellery, watches and eyewear. The year witnessed an increase in demand for daily-wear, lightweight gold pieces and bridal collections, even as diamond jewellery performance remained mixed, said Titan Company in its annual report released on Friday. The fiscal 2024-25 saw over 3 million customers purchasing jewellery from the brand. Despite a challenging start to the year due to a subdued wedding season and external factors like elections, the business picked up momentum following a reduction in customs duty in July 2024. The latter half of the year witnessed strong festive and wedding demand, said the company. Titan Company further said it responded to gold price fluctuations with proactive bullion management, and this included intelligent use of Gold on Lease and stringent controls on inventory without compromising on the product variety of availability. The fashion accessory player also said the introduction of 18 karat collections and investment-focused offerings helped the company address both sentiment and affordability, particularly in price-sensitive segments. Titan Company's gold exchange programme continued to be a strong driver of footfall, it said, adding, during the year, more than 8 lakh customers exchanged over 18 tonne of gold. Savings-led products through the launch of the Rivaah Golden Advantage plan and Golden Harvest offered customers a dependable way to plan their jewellery purchases in an environment of volatile gold prices, claimed the company. Commenting on the company's Environmental, Social, and Governance (ESG) initiatives, C. K. Venkataraman, Managing Director, said Through the Pragati programme, which seeks to help Titan play out its responsibilities to the Planet as well as the People, the company would strengthen its thrust towards Net zero carbon, reducing fresh water consumption, Afforestation, Partner responsibility, DEI (diversity, equity and inclusion,) Community responsibility, Ethics and governance.
&w=3840&q=100)
Business Standard
21 hours ago
- Business Standard
Adani fastest-growing Indian brand in 2025; value up by 82%: Report
Adani Group has recorded the highest brand value growth among Indian companies in 2025, according to the latest India 100 rankings released by Brand Finance. Adani Group's brand value surged to $6.46 billion in 2025, up from $3.55 billion in 2024 — a jump of $2.91 billion. This year's growth exceeds the group's total brand worth recorded in 2023. This sharp rise has propelled the group from 16th place to 13th, showcasing its growing strength among India's leading names. "Adani Group emerged as the fastest-growing Indian brand ranked this year, with its brand value up by 82 per cent. The group's growth is attributed to aggressive and integrated infrastructure focus, the surge in green energy ambitions, and increased brand equity across key stakeholders," according to the Brand Finance report. Methodology behind the rankings Brand Finance, a London-based consultancy, assesses brand value using a combination of factors: Brand Strength Index (based on customer perception and behaviour), Brand Impact (seen through royalty rates), and Forecast Revenues (which estimates the brand's financial contribution in future). The total value of the top 100 Indian brands now stands at $236.5 billion, according to the 2025 report. Tata tops the chart again Tata Group retains its number one spot as India's most valuable brand, with its value rising by 10 per cent to $31.6 billion. "This historic milestone underscores India's expanding economic clout and the Tata Group's multi-sector dominance, with strategic investments in electronics, EVs, semiconductors, AI, and renewables," added the report. Strong showings from Infosys, HDFC, LIC In second place, Infosys recorded a 15 per cent increase in brand value to $16.3 billion, staying ahead in the IT services sector. HDFC Group, now at number three, rose 37 per cent to $14.2 billion, boosted by its merger with HDFC Ltd and its growing influence in financial services. Fourth on the list, Life Insurance Corporation (LIC) saw its brand value grow by 35 per cent to $13.6 billion, showing strong public trust and market presence. Other big movers in Top 10 * HCLTech moved up to eighth place with a 17 per cent rise to $8.9 billion * Larsen & Toubro stayed steady in ninth place, with a 3 per cent rise to $7.4 billion, reflecting gains from its ventures into renewables and semiconductors * Mahindra Group, at tenth, increased its value by 9 per cent to $7.2 billion, supported by innovation in engineering and technology Taj leads in brand strength Taj Hotels retained its title as India's strongest brand for the fourth straight year, thanks to its premium service and expansion overseas. It was followed by Asian Paints, maintaining its status as the top global brand in the paints and coatings category. Meanwhile, Amul took the third position for brand strength. Positive outlook for Indian brands With India's gross domestic product forecast to grow between 6 per cent and 7 per cent for FY2025–26, supported by strong local demand, investment in infrastructure, and private-public partnerships, Indian brands are expected to stay resilient amid global challenges.
