RJ Market Watch
Titan Makes Rs 145 Crore Provision Towards IL&FS Investment
BENGALURU: Jewellery and watch maker Titan reported a13% increase in profit to Rs 348 crore in the quarter ended March, helped by strong sales of its jewellery. Revenue rose about 20% to Rs 4,945 crore.
The jewellery business, known for its Tanishq brand, grew 22% in the quarter compared to a year earlier. The segment contributes more than three-fourth of the total topline, with the rest coming from watches, eye wear and other fashion accessories.
Titan said it has set aside its entire investment amount of Rs 145 crore in IL&FS as impairment value. The company had put in that amount in inter-corporate deposit (ICD) which was due for maturity in November and December last year.
Courtesy: ET Retail.com
PC Chandra Jewellers partners talk show on mental health by Pankaj Tripathi on BIG FM
Batukbhai Jewellers’ association with local women’s cricket league creates opportunity for fresh footfalls
Bollywood divas serve high-fashion looks in jewels by reputed Indian brands
Prasad Jewellers celebrates 11K fan base on Instagram with prizes for 11 of its followers on the platform
Bvlgari adds designs to its pathbreaking mangalsutra collection ahead of wedding season
Trent, a TATA subsidiary, launches lab-grown diamond brand ‘Pome,’ shares surge 7.67%
Malabar Gold & Diamonds launches ‘Heritage Show’ in Mangalore, featuring jewellery inspired by Maharanis
Savji Dholakia’s visionary water conservation project ‘Bharatmata Sarovar’ reinforces commitment to sustainability
-
Daily News2 months agoBvlgari adds designs to its pathbreaking mangalsutra collection ahead of wedding season
-
Daily News2 months agoTrent, a TATA subsidiary, launches lab-grown diamond brand ‘Pome,’ shares surge 7.67%
-
Daily News2 weeks agoMalabar Gold & Diamonds launches ‘Heritage Show’ in Mangalore, featuring jewellery inspired by Maharanis
-
Daily News3 weeks agoSavji Dholakia’s visionary water conservation project ‘Bharatmata Sarovar’ reinforces commitment to sustainability
