15 Aug 2022
DiamondWorld Directory
Home |
Tanishq sales up 15% in Q3 FY 16-17
The sales at most of Titan Company’s consumer facing businesses recovered from the demonetization move within days
By: Diamond World News Service
Jan 7 2017 12:30PM
Reference: 13780  

For Titan Company, the period of Q3 FY 16-17 generated one of the best seasonal sales for the company, as per reports. The like-to-like sales of Tanishq, rose 40 percent during the 30 days of the festival season, owing to new collections, schemes and exchange offers announced by the company for the festival time.

Revenues at its Tanishq brand rose 15 percent in Q3 FY 17 despite challenges due to internal and external factors, as per reports.

Post the announcement of demonetization, the company’s consumer facing businesses saw a drop for sometime and then recovered in modern retail and dedicated retail channels pre-demonetisation levels, as per the company, reports say.

Sale in the trade channel in watches has not recovered from the demonetization effects as most transactions in such outlets have been based on cash, as per the company, reports say.

The company is in the process of launching modes of electronic payment in all its stores, aligning with the shift occurring due to demonetization in India, as per reports. Sales at its outlets incorporate the GHS scheme, (advances paid by customers for custom made jewellery before the demonetization) and electronic modes of payment. The company noted that immediately post November 8th, many of its Tanishq stores witnessed a rise in footfall and high sales, as per reports.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
*  Name:
*  Mobile:
*  Email:
Subscribe for DiamondWorld weekly Newsletter
Search News by City
Recent Issue
News in Pictures
Young Diamantaires
Pictures: 16
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
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 31247
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 8548
GJEPC Chairman Interview
Views: 27440
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 38221
Promo for IJ Awards 2012 at NDTV Profit
Views: 55992
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 67546
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 21305
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 49925
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 51680
Member of:
Supporter of: