Titan Company Ltd.

BSE: 500114 | NSE: TITAN
Large Cap | Diamond & Jewellery
4072.85
-69.10 (-1.67%)
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Titan Company plans to expand its size by over two-fold in jewellery market

Date: 24-03-2014

Titan Company is planning to expand its size by over two-fold in the jewellery market over the next five years. Moreover, the company is venturing into unexplored markets within India by expanding network and launching new designs.

Titan had sold jewelery worth Rs 8,000 crore last fiscal. This accounted for nearly 4 per cent of the jewellery market in India. This fiscal, the company is expecting its jewellery sales to be marginally better than last fiscal.

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.