Monday, 25th April 2005 (4274 views)

India's Tanishq jewellery brand has announced that it hopes to report sales turnover of Rs 700 crore during 2005-2006.

The increase in the sales forecast is thought to be due to an increase in demand for certified and high quality jewellery.

"Tanishq posted a turnover of Rs 425.68 crore during 2003-04 and we hope to close the financial year 2004-05 with a sales turnover of about Rs 550 crore," regional business manager (south), Titan Industries, Yashwanath Kumar, said.

Tanishq is the jewellery division of Titan Industries and has already seen sales increase by 20 to 25 per cent over the last few years and opened 71 shops in 54 locations across India.

"With our exclusive designs and guaranteed product quality, we have positioned ourselves as the reputed jewellery brand in the country," Mr Kumar claimed.

The jewellery firm has introduced around three to four major new collections each year.

India is now the largest global market for gold jewellery.

 

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