Table of Contents
Is Tanishq profitable?
Definitely, the investment is safe. The brand has tremendous equity and a large portion of the investment is in stock which is Gold. So, it always has a value at all stages of the business cycle. The Tanishq franchise investment has the potential of earning good profit.
Does Tanishq give franchise?
Investment in Tanishq boutiques start from 150* lacs & in Mia stores start from 30* lacs. *Estimated investments – actuals will vary depending on the size of the store & the location.
What is the business model of Tanishq?
The business model of Tanishq is predominantly around ‘making charge’ levied over cost of gold. It varies from 8.5\% (on coins) to as high as 35\% of the value of gold (on ornaments like necklace or bangles).
What is the making charges of Tanishq?
Each Tanishq piece is crafted to give it a signature finish. Yet, you get a wide range of gold jewellery choices with the making charge starting at 8\% only. We charge only for the actual weight of gold, after subtracting the weight of stones from the total weight of the piece.
Who is the brand ambassador of Tanishq?
Mithila Palkar
Jewellery brand Mia by Tanishq has named Mithila Palkar as its new brand ambassador and launched a new campaign ahead of its festive season to boost sales. Palkar will feature in a campaign targeted at young millennials and Gen Z, which revolves around the upcoming festive season in India.
What is Tanishq famous for?
Coined by Mr Xerxes Desai by marrying the words ‘Tan’ meaning body and ‘Nishk’ meaning a gold ornament, Tanishq is a name synonymous with superior craftsmanship, exclusive designs and superlative product quality.
Is Tanishq a luxury brand?
Indian luxury brands have finally made their way into the top 100 luxury goods globally. Titan Company, which has iconic brands such as Tanishq, Titan and Zoya among others has been listed as the 32nd most powerful luxury brand.
Why charge of Tanishq is high?
One of the main factors is the design. Usually, a fine intricate design will have more wastage as compared to a simple design. Thus, the more delicate and intricate the gold jewellery design, higher will be the making charges.
How much does it cost to open Tanishq franchise in India?
Out of that 226 are the franchise and 50 outlets are company-owned. Opening a Tanishq shop in a small town cost around Rs 15-20 Crore, while a big-format outlet Rs 40-50 Crore. You can only apply for the Tanishq franchise online.
Tanishq Franchise Business Model Currently, Tanishq is eyeing to open more than 200 outlets in at least 130 new small towns in the next 5 years. As of now, the company has 275 exclusive boutique stores in 170 cities. Out of that 226 are the franchise and 50 outlets are company-owned.
Is it safe to invest in Tanishq boutiques?
It has over 218 exclusive Tanishq boutiques and Zoya stores. The investment in boutiques starts from 1.5 Crs. Depending on the store size, the investment varies. Definitely, the investment is safe. The brand has tremendous equity and a large portion of the investment is in stock which is Gold.
What is the average area of a Tanishq shop?
Tanishq emphasizes opening the stores or franchisees for that matter with Tanishq jewellery collection, diamond jewellery, gold jewellery, and other Tanishq brands like Caratelane, Zoya, etc. having space of almost 4500 sq. feet However, the average area of the Tanishq shop is that of 1000 to 1500 square feet only.