Aiming for 27 per cent growth in revenue, Tata Group jewellery brand Tanishq today said it plans to open around 30 new stores in the country during this fiscal.
“We are looking for 27 per cent growth in revenue this year and we intend to do this by increasing outlets, merchandise, more relevant pricing, building communication. We plan to open as many as 30 stores in this financial year,” Sandeep Kulhalli, Vice President — Retail and Marketing, Tanishq said here.
Tanishq has 150 stores under its brand name, he said, adding new stores will come up in cities across categories.
“The stores will come up in all A, B and C category cities and will have a mix of company operated and franchise operated stores.”
On the business turnover, the company is looking for in the current fiscal, Sandeep said “we are looking at 25 per cent up; it should be around Rs 10,000 crore.”
Operated by watch firm Titan, Tanishq is one of its three jewellery brands, others being Zoya and GoldPlus.
“The jewellery business contributes about 75 per cent of Titan’s revenue, and Tanishq’s contribution to it is around 90 per cent,” he added.
*