Consolidated revenue drops marginally by 2.6% to Rs 4,318 crore
Tanishq's recent ad was mauled by angry trolls on social media for showing Hindu-Muslim couple
Hindu Jagran Manch activists staged demonstrations outside 3 Tanishq stores and demanded that they display apology for the next six months for their controversial ad featuring an inter-faith couple
Listen to the Podcast to know about the much talked about Tanishq ad controversy, which has attracted criticism as well as support from across the country
Here's a selection of Business Standard opinion pieces for the day
Tatas should have stayed firm on the Tanishq ad
A Tanishq showroom in Gandhidham town of Gujarat's Kutch district has put up a note on its door, apologising to Hindus in the district over the brand's controversial TV ad which was withdrawn
There are lessons in the controversy; brand should have held its ground: Analysts
Jewellery brand Tanishq on Tuesday withdrew its ad showing an interfaith family following a sharp backlash on social media with some accusing the company of promoting love jihad' and fake secularism'
The company is working on material innovations which will enable it to create the same designs with lower weights
The company will be launching a collection for the coming festive season followed by some new collections for the wedding season
So far, Titan has re-opened around 83 per cent of its stores across all businesses while the jewellery division has re-opened around 95 per cent of its Tanishq stores till date
Sales recovery in non-metros better than metros
Retailers have been reaching out to customers with compelling offers, contests and a humane touch to provide value to the discerning patron and keep sales ticking
Titan which sells Tanishq brand gold and diamond jewellery, operates over 350 retail stores across the counter. Apart from that, the company also sells huge quantity of its products online.
Tanishq is expecting 20 per cent growth and eyeing about Rs 20,000 crore turnover in the current fiscal
Changing customer attitudes have driven the market into uncertain times and for Titan's band of jewellery labels, this has meant drawing separator lines more sharply within the portfolio
Tanishq's latest campaign is all about spotting the real diamond, separating the shine from the gloss that tends to bedazzle unsuspecting buyers
Jewellery brand plans to add 25-30 stores every year
Customer might be able to 'add to cart' a few shortlisted designs online and book an appointment at the nearby store