Titan targets Rs 3,500 crore turnover from watch biz

Tata Group firm Titan Industries is eyeing a near three-fold increase in its turnover from watches division to Rs 3,500 crore by 2014-15, driven by new designs and network expansion, according to an analyst report.

Tata Group firm Titan Industries is eyeing a near three-fold increase in its turnover from watches division to Rs 3,500 crore by 2014-15, driven by new designs and network expansion, according to an analyst report.

HT Image

The company also expects its eyewear division to break even by 2012-13, according to the report filed by brokerage firm Prabhudas Lilladher after meeting Titan CEO Bhaskar Bhat.

"In watches, Titan targets Rs 35 billion turnover by FY 2015 (Rs 12.5 billion in FY2011) to be driven by network expansion, introduction of new designs as well as shift towards branded segment," the report said.

Titan is looking to expand its eyewear and accessories business with 177 stores by getting into new sub-categories.