Latest news with #Caratlane
Fashion Network
a day ago
- Business
- Fashion Network
Titan's Caratlane eyes growth, more stores as young Indians embrace low-carat jewellery
Titan Company's Caratlane aims to surpass last financial year's revenue growth, as younger Indians warm up to lower-carat jewellery and the brand plans to open more stores, its top boss told Reuters. Brands selling lower-carat jewellery, including Caratlane and Kalyan Jewellers' Candere, are rapidly expanding as younger Indians increasingly buy such pieces for adornment in a country that traditionally views jewellery as an investment. Around Valentine 's Day this year, Caratlane launched 9-carat jewellery in a country that mainly buys 22-carat gold. Candere plans to open 80 stores in India in the year that started April 1, matching the number of higher-priced Kalyan locations planned for the same period, while larger-sized Caratlane aims to open more than 40 outlets, mostly in smaller cities. As of end-March, Caratlane had 322 stores, making it the second-largest jewellery brand by store count within the Tata Group. The brand contributes about 6% to Titan's overall revenue. "Overall growth (in fiscal 2026) ... will be no less than what we have done last year," Caratlane Managing Director Saumen Bhaumik said in an interview after market hours on Friday. In the year ended March 31, Caratlane's topline jumped 24% to 35.83 billion rupees ($418.96 million), with earnings before interest and taxes at 2.96 billion rupees, helping the brand record its best year. Profit for the nascent financial year "is going to be significantly better", Bhaumik said. In recent months, while soaring gold prices have led many Indians to opt for lightweight, lower-carat jewellery to stay within budget, Bhaumik said Caratlane's average bill value has still inched up by a tenth, aided by new launches. Caratlane plans to open a second U.S. store in Dallas by the festival of Deepavali this year and two Dubai outlets within eight months.
Fashion Network
4 days ago
- Business
- Fashion Network
Caratlane announces strategic partnership with Amazon India
Tata Group brand Caratlane has partnered with Amazon India to bring its fine jewellery collection to the latter's multi-brand e-commerce platform and expand its offering in the premium fashion and accessories category. The collaboration aims to enhance access to certified gold and gemstone jewellery for consumers across metros and smaller towns. Through this partnership, shoppers can now browse a curated selection of rings, earrings, necklaces, and bracelets for women and children, crafted in gold and adorned with certified diamonds or gemstones, Ad Gully reported. To mark the launch, customers can access discounts of up to 20% on select products. Amazon will offer 48-hour delivery in key metros including Mumbai, Delhi, Bengaluru, Pune, Hyderabad, Chennai, and Ahmedabad, while catering to other cities through its pan-India logistics network. 'We are excited about this partnership with Amazon, India," said Caratlane's managing director Saumen Bhaumik, Indian Retailer Bureau reported. "This collaboration helps us further our mission of making stunningly beautiful jewellery more accessible, blending convenience with craftsmanship. Together, we're reaching many new hearts and homes across India." The launch supports both brands' goal of making fine jewellery more discoverable and accessible through organised online channels. 'CaratLane resonates deeply with today's modern Indian consumer- aspirational, design-forward, and digitally savvy," said Amazon India Fashion and Beauty's director Siddharth Bhagat.
Economic Times
27-05-2025
- Business
- Economic Times
Can Titan maintain strong growth despite challenges from high gold prices?
The company mentioned during the analyst call after declaring quarterly result that overall gold price increase has a larger impact for the full year. GOL rates have been settling down and are now about 75-80 bps above the historical number after nearly doubling. According to Emkay Global Financial Services, Titan observed an impact on consumer sentiment due to high gold prices, in gold jewellery, within the sub-₹50,000 price band. In the higher price band, buyer growth was seen with higher demand for simple designs that attracted lower making charges. To offer more options to consumers amid steep gold prices, Titan has introduced a 9-carat collection in its Caratlane business to make products affordable. Tired of too many ads? Remove Ads ET Intelligence Group: Titan Company shares have gained nearly 7.4% after declaring double-digit revenue and profit growth for the fourth quarter on May 8, outperforming the 5% gain in the BSE Durables index amid a volatile broader market. The jewellery and watch maker is expected to continue reporting strong momentum driven by increase in ticket sizes and reach. It plans to open 40-50 new Tanishq stores in FY26 while aiming to renovate, relocate or enlarge 50-60 existing to Emkay Global Financial Services , Titan observed an impact on consumer sentiment due to high gold prices , in gold jewellery, within the sub-₹50,000 price band. In the higher price band, buyer growth was seen with higher demand for simple designs that attracted lower making charges. To offer more options to consumers amid steep gold prices, Titan has introduced a 9-carat collection in its Caratlane business to make products gold prices also increased the company's finance cost to ₹252 crore in the March 2025 quarter from ₹201 crore in the year-ago quarter. Jewellers and manufacturers tend to lease gold from bullion banks instead of maintaining their own inventories of the precious metal to reduce the risk of price volatility. Gold-on-lease (GOL) rates shot up recently, adding to the woes of gold company mentioned during the analyst call after declaring quarterly result that overall gold price increase has a larger impact for the full year. GOL rates have been settling down and are now about 75-80 bps above the historical number after nearly from operations and net profit grew by 19.4% and 13% on-year to ₹14,916 crore and ₹871 crore. Ebitda margin rose by 10 bps on year to 11.9% in March quarter. Centrum Broking expects Titan to benefit from launch of new designs and rising share in wedding jewellery. After considering lower FY25, it has cut earnings for FY26 and FY27 by 13% and 6% and have changed rating from 'buy' to 'add' with a P/E of 60 for FY27 and target price of ₹3,960.
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Business Standard
09-05-2025
- Business
- Business Standard
Titan shines 5% on Q4 earnings surprise; should you buy, hold or sell?
Share price of Titan Company today Shares of Titan Company rallied 5 per cent to ₹ 3,515.75 on the BSE in Friday's intra-day trade after the company surprised positively by delivering better profitability in jewellery business in March 2025 quarter (Q4FY25) despite inflated gold prices. The stock now trades at its highest level since February 2, 2025. In comparison, the BSE Sensex was down 0.5 per cent at 79,947 at 09:21 am. Titan Q4 results 2025 Titan Company, a jewellery-to-watch conglomerate, reported a better than expected 12.9 per cent year-on-year (YoY) jump in its net profit at ₹ 871 crore for the fourth quarter of fiscal year 2024-25, against net profit of ₹ 771 crore in Q4FY24. Analysts expected net profit of ₹ 830 crore for Q4FY25. Titan's consolidated revenue (excluding bullion sales) grew by 24 per cent YoY to ₹ 13,897 crore. This was driven by 25 per cent growth in standalone jewellery business, 23 per cent growth in the Caratlane business and 20 per cent growth in the watches and wearable business. Gross margins improved by 50 bps YoY to 22.8 per cent. Earnings before interest, taxes, depreciation, and amortization (EBIDTA) margins improved by 77 bps YoY to 10.3 per cent. Analysts expected EBIDTA margins of 9.5-9.9 per cent. Management commentary Despite a steep increase in gold prices, the studded and gold coin segments saw buyer growths. Solitaires likewise witnessed a good rebound on the back of good buyer growth, albeit on the lower carat weights. The high gold prices, however, are continuing to weigh on consumer sentiment in the near term. 'As we look forward to FY26, all businesses of Titan Company are focusing on market share expansion in their respective categories and catering to the changing needs of our consumers,' the management said. Brokerage view – ICICI Securities Titan's resilient performance was in the backdrop of inflated gold price environment with margin improvement in domestic jewellery and Caratlane business in Q4FY25. The strong growth in the jewellery business was driven by higher ticket sizes while studded growth was lower at 12 per cent. Though gold prices have remained high management has maintained its guidance of 15-20 per cent growth in the jewellery business in the near term. This will be driven by higher demand to value offerings (light weight gold jewellery or lower carat jewellery) in its product portfolio in the inflated gold price scenario, while any correction or stability in the gold prices will lead increase in the footfalls and higher volume growth. Jewellery business EBIT margins to remain at 11-11.5 per cent. Caratlane is also expected to witness consistent growth with improved studded mix. Brokerage view – Motilal Oswal Financial Services With the jewellery industry seeing faster formalization, analysts at Motilal Oswal Financial Services said they continue to believe Titan will keep leveraging the same, driven by store additions, multi-format presence, better designs, customer understanding, and a strong recall of trust. Jewellery EBIT margin has been under pressure, but the beat in Q4 margin renders better margin visibility for FY26. Titan, with its superior competitive positioning (in sourcing, studded ratio, youth-centric focus, and reinvestment strategy), continues to outperform other branded players. The brand recall and business moat are not easily replicable; therefore, Tanishq's competitive edge will remain strong in the category. The store count reached 3,312 as of Mar'25, and the expansion story remains intact. The non-jewelry business is also scaling up well and will contribute to growth in the medium term. The brokerage firm reiterated its BUY rating on Titan with a target price of ₹ 4,000. ALSO READ | About Titan Titan Company, a joint venture between the Tata Group and the Tamilnadu Industrial Development Corporation (TIDCO), commenced its operations in 1987 under the name Titan Watches Limited. In 1994, Titan diversified into Jewellery (Tanishq) and subsequently into EyeCare. Over the last three decades, Titan has expanded into underpenetrated markets and created lifestyle brands across different product categories including fragrances (SKINN), accessories and Indian dress wear (Taneira) and thoughtfully designed Women Bags (IRTH). Titan is widely known for transforming the watch and jewellery industry in India and for shaping India's retail market by pioneering experiential retail.
News18
25-04-2025
- Business
- News18
Akshaya Tritiya 2025: PhonePe And Airtel Payments Bank To Offer Digital Gold Deals
Last Updated: On Akshaya Tritiya, purchasing gold is believed to usher in wealth and mark an auspicious beginning for new ventures. One of the holiest and most auspicious occasions for Hindus across the globe, Akshaya Tritiya, also known as Akha Teej, symbolises prosperity, good fortune and lasting success. This year, it will be celebrated on Wednesday, April 30. The word 'Akshay" means 'never diminishing." It is believed that any auspicious deed or purchase made on this day will multiply in value and bring lasting benefits. As a result, people traditionally invest in gold and other precious items on this day. In keeping with tradition and adapting to modern trends, several fintech platforms have started rolling out limited-time offers on digital gold purchases. Companies like PhonePe and Airtel Payments Bank are offering exclusive incentives to encourage digital transactions during the festive period, bringing a tech-savvy twist to an age-old custom. PhonePe To mark the auspicious occasion of Akshaya Tritiya, PhonePe has introduced a special cashback offer on 24K Digital Gold. Users who purchase a minimum of ₹2,000 worth of digital gold on April 30 will be eligible for a flat 1% cashback, up to ₹2,000. The offer is valid for one-time transactions only and can be availed of once per user. A wide range of payment methods—including wallets, gift cards, credit/debit cards, UPI, and UPI Lite—are accepted on the platform, making the purchase process convenient and flexible. In addition, PhonePe is offering a special deal for redeeming digital gold in Caratlane stores and on their website, which includes: – An extra 2 per cent off on gold coins. – An additional 3 per cent off on jewellery that isn't studs. – An extra 5 per cent off on jewellery with studs. On the PhonePe platform, customers can buy 24K digital gold with a 99.99 per cent purity certification from reputable and well-known companies in the digital gold market, including MMTC-PAMP, SafeGold, and Caratlane. In addition to one-time purchases, PhonePe enables monthly or daily SIPs for digital gold investments, assisting clients in making long-term, methodical investments. The ability to invest any amount (beginning at Rs. 5) and sell their gold holdings at any time, with the proceeds credited to their bank accounts, is another benefit customers enjoy. Airtel Payments Bank In addition, Airtel Payments Bank has promoted its DigiGold service as a holiday investing choice. DigiGold, a product of SafeGold, enables customers to purchase 24K 99.5 per cent pure gold using the Airtel Thanks app. The gold is available for purchase in small denominations and is kept in insured vaults. The platform offers digital gold coins and SIPs as well.
