24 Aug 2019
DiamondWorld Directory
Home |
News
Home
Titan Company’s net sales down 11% in Q4
Jewellery segment sales drop 15%
By: Diamond World News Service
|
May 8 2015 7:11PM
|
Reference: 11449  

DecreaseIncrease
Titan Company’s performance in the quarter closing March 31, 2015 recorded a drop in revenues but a slight pick-up in net profits. Net sales dropped 11.3% year-on-year to Rs 2,474 crore but net profits rose 4.4 percent to Rs 215 crore, reports say.

The jewellery segment which constitutes about 74 percent of the company’s overall sales recorded 15 percent drop in sales. The company attributes this to the lowered consumer buying sentiments at the time as they awaited a customs duty cut, and the withdrawal of the gold harvest scheme. The scheme, according to the company could if active, have contributed to net sales touching 17 percent.

The watch unit of the company recorded 1.8 percent increase in sales on y-o-y basis to Rs 511 crore. The eyewear unit sales saw 19 percent increase over last year and achieved break-even in the quarter. Also, this business was expanded into the Sri Lankan market in the said quarter. The precision equipment segment’s sale grew 15 percent in the quarter, reports say.

Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
Advertisement
HouseAd_Trade Fair
Search News by City
Advertisement
Kosher 23460
Advertisement
Kosher 23460
Recent Issue
2019
AVAILABLE NOW...!
Advertisement
Kosher 23460
News in Pictures
Videos
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
Spotted: Who Wore What (August 2018)
Pictures: 4
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 16668
GJEPC Chairman Interview
Views: 15462
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 22317
Promo for IJ Awards 2012 at NDTV Profit
Views: 35152
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 38576
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 12849
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 36596
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 34566
Advertisement
Finestar Diamonds
Advertisement
Mohra India
Member of:
Supporter of: