Titan to expand jewellery retail footprint, to add 150 stores in FY24

Titan Company, which belongs to the Tata Group, says as part of the aggressive retail footprint expansion of its four jewellery brands, it will add another 140 to 150 stores during FY24. Currently, the jewellery vertical has around 750 stores across the country.

Titan operates brands including Tanishq, Mia, CaratLane, and Zoya. According to Ajoy Chawla, CEO of the Jewellery Division at Titan Company Ltd, the company added approximately 140 stores last year and plans to add a similar number or potentially even more this year due to promising opportunities. Along with these new stores, Titan will also renovate another 25 of its existing stores this year.

The company says the demand environment is good and aims to continue gaining a bigger market share. “We currently hold a market share of 7 per cent of the 32 per cent of the organized market, this has been a steady gain in the share, and going forward we will continue to build on the same,” Chawla said to businessline.

HBL