Titan Company Limited Adds 86 New Stores in Q4FY24, Revenue Grows by 17%

Titan Company Limited announced the addition of 86 new stores (net) in Q4FY24, bringing the total retail network presence to 3,035 stores. The company reported a revenue growth of approximately 17% YoY. Domestic operations in Jewellery grew by 19%, while Watches & Wearables grew by 7%. Tanishq added new stores in Dubai and Chicago (USA). The EyeCare Division's Revenue declined by 1% YoY. In Emerging Businesses, Taneira's Revenue grew by 37% YoY and CaratLane's business grew by 30% YoY. Fourty-four new stores were added in the quarter, with the fastest growth in the Helios channel.