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Tanishq sales increase 63% to $315 MN in 2006-07
Plain gold jewellery on a growth trajectory in smaller towns
By: Diamond World News Service
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Apr 25 2007 12:00AM
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Reference: 857  

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Tanishq, the jewellery-manufacturing arm of Titan Industries, reported a 63 per cent rise in jewellery sales to $315 million (Rs.1,292 crore) for its fiscal year ended March 31, 2007, according to reports.
Jewellery sales grew by 49 per cent during the fourth quarter.

Titan Industries, which also manufactures watches, said its overall annual sales grew by 44 per cent to $520 million (Rs.2136 crore). The jewellery division accounted for 60 per cent of Titan’s annual revenues.

The company said it continued to expand its retail network by opening 88 Tanishq boutiques during the year. Plain gold jewellery also made significant inroads into smaller towns through 10 GoldPlus showrooms, the firm added.

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