Latest news with #Zoa
Mint
08-07-2025
- Business
- Mint
Titan sees 20 pc revenue growth in April-June despite softening of purchase in jewellery division
New Delhi, Jul 8 (PTI) Tata group's jewellery and watchmaking brand Titan has reported a 20 per cent growth in its standalone revenue in the June quarter of FY26, according to the latest quarterly updates by the company. Its jewellery division, which contributes over 80 per cent of its revenue, reported an 18 per cent growth on a year-on-year basis. However, "gold price volatility" has affected the consumer sentiments and "buyer growth was flat" for its flagship brands Tanishq, Mia and Zoa (TMZ) brand and CaratLane, the company said. "In the high gold rate scenario, customers preferred light-weight and lower karatage jewellery. The studded ratio came in lower YoY, driven by the differential growths across segments (in TMZ), with coins continuing to lead strongly, plain gold growing in mid-teens and studded segment growth coming in early double digits," it said on Monday. Nevertheless, the Akshaya Tritiya period, which was during the April-June quarter, saw good traction, said Titan. "The like-to-like (L2L) domestic sales growth in TMZ was in early double digits, driven entirely by ticket size growth across formats," it said. During the quarter, Titan added 19 new stores in India, in which three were in Tanishq, seven in Mia and nine in CaratLane, respectively. For Titan, the jewellery division is the main contributor to its topline. In FY25, revenue from the operations of Titan, a joint venture between Tata group and the Tamil Nadu government, was at ₹ 57,339 crore, in which its jewellery division contributed ₹ 46,571 crore, which is over 81 per cent. Its domestic watch business clocked a strong growth of 23 per cent YoY. This was led by analogue watches, driven by both volume and value growth. The division added nine new stores -- four in Titan World and five in Helios. In the eye care segment, though Titan grew by 12 per cent YoY in the first quarter of FY26, it closed 32 stores during the period. "Titan Eye retail opened 12 new doors and closed 32 stores resulting in 20 domestic store closures (net) for the quarter," it said. In the emerging businesses, Titan's fragrances vertical grew 56 per cent YoY led by volume growths in SKINN and Fastrack, women's bags grew 61 per cent. Its Indian dresswear business Taneira grew by 15 per cent YoY driven by value growth in sarees. Over its international business, Titan said it grew by 49 per cent YoY led by near doubling of Tanishq's business in the US market. Shares of Titan Company on Tuesday tumbled over 6 per cent, eroding its market valuation by ₹ 20,086.15 crore to ₹ 3,05,451.71 crore. The stock dropped 6.17 per cent to ₹ 3,440.60 apiece on the BSE. On the NSE, it tanked 6.16 per cent to ₹ 3,440.
CNN
28-05-2025
- Business
- CNN
Anheuser-Busch taps UFC's Dana White for a new energy drink
With beer sales flatlining, Anheuser-Busch is looking beyond hops and toward Ultimate Fighting Championship's controversial boss Dana White to help them crack the growing energy drink category. Launching nationwide Wednesday is Phorm Energy, the company's newest energy drink. The non-alcoholic caffeinated beverage marks the first product stemming from Anheuser-Busch's previously announced partnership with White aimed at expanding into the $24 billion energy drinks category. Like similar products, Phorm Energy has zero sugar or artificial flavors, contains electrolytes and is naturally caffeinated from green tea extract. The drink comes in four varieties: grape, orange, blue, and 'Screamin' Freedom,' which is a mixture of blueberry, cherry and citrus flavors. A 16-ounce can costs $2.99. Beer sales have been declining for the past several years, falling again more than 1% in 2024 according to Brewers Association, as drinkers shift their preferences to spirits or increasingly ditch drinking. That has forced Big Beer to search for alternatives, including expanding into spirit-based cocktails, non-alcoholic varieties and even energy drinks, with the latter forecasted to balloon into a $33 billion category in the next five years, according to research firm Mintel. Energy drinks have been a successful gambit for rival Molson Coors, which recently purchased a majority ownership stake in Zoa, a brand co-founded by actor Dwayne 'The Rock' Johnson. Zoa has repeat purchase rates of 50%, and Coors said its 'ability to attract new consumers to the energy category' made it an appealing acquisition. However, Anheuser-Busch has been less successful. In 2017, the company bought energy seltzer water brand Hiball, but sold it six years later to Tilray Brands. The cult-favorite drink was recently relaunched by its new owners. Then in 2020, Anheuser-Busch bought a 40% stake in energy drink Ghost, which used the beer conglomerate's distribution network. However, that came to an end last year when Keurig Dr Pepper bought Ghost in a $1 billion deal and took over its operations. Following that, Anheuser-Busch's wholesalers and partners 'had been looking toward 'what's next' in the energy drinks space,' according to Jenn Litz-Kirk, director of content for Beer Business Daily, a trade publication. 'In some ways, this new move is a no-brainer: With the imminent launch of Phorm, it seems like Anheuser-Busch is trying to recreate the Ghost formula,' she told CNN. 'The energy segment is hot, and it's a high-margin proposition for both retailers and distributors.' The launch of Phorm Energy further entrenches Anheuser-Busch's relationship with the controversial White. The pair partnered in 2023 when Bud Light became the official sponsor of his mixed martial arts league following the Dylan Mulvaney debacle. A social media post from Mulvaney, a transgender influencer, promoting Bud Light sparked a massive backlash, costing the company as much as $1.4 billion in sales that year. As for White's involvement, Litz-Kirk said it's ''red meat' for a certain cohort of energy drink consumers,' pointing out that UFC is growing in popularity and that White has a massive following of 10 million on Instagram. Anheuser-Busch's other partner for the energy drink, 1st Phorm, is also linked to controversy. Last year, police departments in St. Louis, where the company is based, cut ties with 1st Phorm after its cofounder Andy Frisella made offensive comments about female police officers on his podcast. Sal Frisella, 1st Phorm's CEO and Andy's brother, said the comments were spoken on a personal podcast that wasn't affiliated with the company. 'We do not agree with his statements, and we do not condone the words or the context in which they were presented,' Sal said at the time. Andy no longer leads the company. Litz-Kirk said Anheuser-Busch likely doesn't think Andy's comments were a 'big deal' since the partnership was announced in January and there hasn't been any blowback from wholesalers.
