Tanishq opens its largest store in TS & AP
Tata Group’s Jewellery brand Tanishq unveiled its 300th store with the launch of its relocated store at Punjagutta, the largest one in both the Telugu States.
Hyderabad: Tata Group's Jewellery brand Tanishq unveiled its 300th store with the launch of its relocated store at Punjagutta, the largest one in both the Telugu States. Sharing his thoughts on the launch of Tanishq store, Bhaskar Bhat, Managing Director, Titan Company Limited, said: "We are happy to announce the opening of a larger, better and more convenient Tanishq store for our customers in Panjagutta store in Hyderabad, which is a key market for our jewellery division.
This is our largest store in the state of Telangana, reflecting our commitment to offer the best designs and collections. As Hyderabad continues to be a strong market for jewellery lovers, we will continue to invest and expand our retail presence in the city."
"The brand plans to add 54 more stores to the existing 300 by the end of the current financial year," Bhaskar said and added that Tanishq retail chain is currently spread across 300 exclusive boutiques in 189 cities which also includes large-format stores.
"We have 300 Tanishq stores now. We plan to open 54 more stores by March 2020," he said. Tanishq is expecting 20 per cent growth and eyeing about Rs 20,000 crore turnover in the current fiscal up from Rs 16,500 crore in the last financial year, he said. On Titan company, Bhat said they expect Rs 24,000 crore turnover in the current financial year as against Rs 20,000 crore turnover last fiscal.