Titan Industries, lifestyle and jewellery arm of the Tata Group is planning to open two-three new Goldplus stores this year which will take the overall number to 31/32 this year. The company is likely to invest around Rs 200 crore for expansion next fiscal. The company is aiming of closing this fiscal with a top line of about Rs 9,000 crore of revenue.
The company normally adds 12 stores for premium jewellery brand Tanishq and 40 stores for the World of Titan showroom. It is expecting 25-30% sales growth, which though is lower than its first quarter growth of 43% on the forthcoming festive season.
Titan is India’s largest manufacturer of quartz watches and has a 60% market share in the Indian market. It is world’s sixth largest manufacturer of branded watches. It has a manufacturing and assembly unit at Hosur in Tamil Nadu.
| Company Name | CMP |
|---|---|
| Titan Co | 4480.10 |
| Kalyan Jewell.India | 415.00 |
| Rajesh Exports | 117.03 |
| Senco Gold | 333.15 |
| Thangamayil Jeweller | 4125.65 |
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