Business & FinanceTop StoryTop StoryLatest News
Titan's ZOYA Aims for ₹500 Crore Revenue in FY27, Plans New Stores
Sentiment: NeutralHigh Priority
What Happened?
Titan's luxury jewellery brand, ZOYA, aims to achieve ₹500 crore in revenue for FY27, up from ₹400 crore last year. The brand plans to expand from 14 to 17 stores.
Key points
- ZOYA closed the previous financial year with ₹400 crore in revenue.
- The brand has been growing at a CAGR of over 30% for the past three to five years.
- A significant portion of ZOYA's business comes from repeat customers.
- The company is optimistic about jewellery demand during the upcoming festive season.
- The luxury jewellery market in India is growing at a double-digit rate.
Key insights
- The expansion to 17 stores may enhance ZOYA's market presence.
- A focus on repeat customers could lead to sustained revenue growth.
- The festive season may provide a significant boost to sales.
Why it matters
The growth of ZOYA could indicate a rising demand for luxury goods in India.
Tags
Entities
Titan· CompanyZOYA· BrandIndia· Country
Source
Business Standard
