Titan gains on eyeing more than double revenue for Zoya brand

Sector to focus on this week: IT

Indian Market
by 5paisa Research Team Last Updated: Feb 27, 2023 - 06:23 pm 172 Views

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.


How do you rate this article?

Fill in your details below:

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Disclaimer

Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

Open Free Demat Account

Resend OTP
Please Enter OTP
Account belongs to

By proceeding, you agree to the T&C.

Start Investing Now!

Open Free Demat Account in 5 mins

Enter Valid Mobile Number