Titan’s IRTH Bags Aims for ₹1,000 Crore Revenue by FY27

Titan Company Ltd, a Tata Group firm, has launched its second exclusive IRTH store in Chennai at Phoenix Market City, Velachery. This marks a significant step in expanding its presence in South India. The IRTH brand focuses on premium bags designed specifically for women, offering a range of stylish and functional products at affordable prices.

Ambitious Revenue and Expansion Goals

Titan aims to achieve ₹1,000 crore in revenue by FY27 from its IRTH and Fastrack bags divisions. To meet this goal, the company plans to open 100 exclusive stores across India by FY27, showcasing its commitment to providing high-quality products and services.

Diverse Product Range

IRTH bags cater to the modern woman, featuring a various range of options such as handbags, totes, shoulder bags, handhelds, slings, cross-body bags, and wallets. These products include style and functionality to meet the needs of fashion-conscious consumers.

Manish Gupta, CEO of Titan’s Fragrance and Accessories division, expressed enthusiasm about strengthening the brand’s footprint in South India. “We are thrilled to launch our second exclusive store in Chennai, a vibrant city with a growing demand for premium fashion accessories,” Gupta said.

Future Outlook

The brand expects significant growth in the coming years, driven by favourable market conditions and strong customer response. “With IRTH’s unique blend of style and functionality, we anticipate exceeding ₹1,000 crore in revenue by FY27 from both IRTH and Fastrack bags,” Gupta added.

Titan opened its first exclusive IRTH store in Mumbai, setting the foundation for its expansion plans across India.

About Titan Company Limited

Titan Company Limited, an Indian company, specialises in creating fashion accessories like jewelry, watches, and eyewear. It is part of the Tata Group and began as a joint venture with TIDCO. The company’s corporate headquarters is located in Electronic City, Bangalore, while its registered office is in Hosur, Tamil Nadu.

Titan Company share price is priced at ₹3,480.25, down by ₹3.80 (0.11%) as of 9:56 am on January 9. The stock opened at ₹3,485.95, reached a high of ₹3,506.45, and a low of ₹3,461.55 during the trading session. With a market capitalisation of ₹3.08 lakh crore, Titan has a P/E ratio of 95.13 and a dividend yield of 0.32%. The stock’s 52-week range includes a high of ₹3,886.95 and a low of ₹3,055.65.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in securities market are subject to market risks, read all the related documents carefully before investing.