Titan, which owns the Tanishq jewelry brand, the Titan watch brand and has a majority stake in Carat Lane, has raked in $534.88 million for the final quarter of fiscal year (ended March 31, 2017).
According to Gem Konnect, this represents a 43.4% increase year-on-year. Profit was up 7.4% year-on-year, totaling $31.3 million. According to the report, “Revenue from the group’s jewelry segment increased a robust 55% year-on-year and accounted for 82% of its total revenue”.
The watch segment generated 14% of the total revenue for the quarter and “can be expected to benefit from new product launches”.
