Titan gains on eyeing more than double revenue for Zoya brand

Sector to focus on this week: IT

by 5paisa Research Team Last Updated: Feb 27, 2023 - 06:23 pm 756 Views
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During the next three years, Titan's Zoya hopes to double both its income and the number of stores.

Titan’s luxury jewellery brand

Zoya is eyeing to more than double its revenue as well as the store count over the next three years from what it has done all through its 14-year history. Since its launch in 2009, Zoya has become a Rs 200-crore sub-brand in the Titan stable which grosses over Rs 40,000 crore annually, with seven showrooms -- the latest addition at the Taj Mahal Palace Hotel -- and an equal number of galleries.

Share price movement of Titan Company Ltd

Today, the stock opened at Rs 2392.10, with a high and low of Rs 2411.20 and Rs 2374. The stock closed trading at Rs 2403, down by 0.14%.

In the last 6 months, the shares of the company have given about -4% returns and on a YTD basis, the stock has given about -4% returns.

The stock has a 52-week high of Rs 2790 and a 52-week low of Rs 1827.15. The company has a ROCE of 21.4% with a market capitalisation of Rs 213,286 crore.

Company profile

Titan Company Ltd (Titan), a joint venture between the Tata Group and the Tamil Nadu Industrial Development Corporation (TIDCO), commenced its operations in 1984 under the name Titan Watches Limited. Titan is the fifth largest integrated own-brand watch manufacturer in the world. Over the last three decades, Titan has expanded into underpenetrated markets and created lifestyle brands across different product categories. Titan is widely known for transforming the watch and jewellery industry in India and for shaping India's retail market by pioneering experiential retail.

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