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The company recorded revenue growth of about 117% (excluding bullion sales) in Q1'22, with revenue contribution of approximately 50%, 10% and 40% coming from April, May and June months respectively. Titan Company said it entered the Q1 quarter with a good sales momentum. However, the sales were hit to a small extent until third week of April 2021, from the rapidly rising second wave of pandemic, primarily due to the temporary store closures in some important states. Thereafter, most stores were shut within a short span of time and could re-open gradually in June 2021 only, with several restri...

CaratLane sets its sights on overseas markets February 21, 2021 Mithun Sacheti, Founder and Managing Director, CaratLane× Incorporates StudioC Inc, a wholly owned subsidiary in Delaware, USA Omnichannel jewellery brand CaratLane, has incorporated a wholly owned subsidiary namely StudioC Inc in the State of Delaware, in the US. Accordingly, StudioC Inc has become a step down subsidiary of the Titan Company effective 11 February 2021. The authorised capital of StudioC Inc is 1,000 shares at no-par value and paid-up capital is 150 shares at no-par value. StudioC Inc is CaratLane’s first such ...

Covid-19 impact: Online jewellery sales gain traction in smaller towns December 28, 2020 × Sales growth from Tier-II cities has been in the 70-80 per cent range, says CaratLane’s business head Due to the Covid-19 pandemic, an increasing number of customers from smaller towns are getting comfortable in buying jewellery online. This is a big change in the buying pattern, with customers in cities like Ranchi, Visakhapatnam, Nagpur and Agra using technology to buy jewellery online, said Avnish Anand, co-founder & Business Head, CaratLane, a Chennai-based omni-channel jeweller and a Tanishq ‘...