Titan sets $1 bn revenue target for current fiscal

Agencies
Posted: Tuesday, Jun 16, 2009 at 1540 hrs IST
Updated: Tuesday, Jun 16, 2009 at 1540 hrs IST

Font Size

Feedback

Discuss

Vishal Retail signs CDR pact with lenders Rosebys plans 500-700 stores over next 5 yrs Titan's watches stores to number 300 by March 2010 Gitanjali forays into exclusive retail; plans 60 s...

Mumbai: Titan Industries, which sells jewellery and watch among others, has set a goal of crossing the USD one billion-mark turnover in the current fiscal.

"Nearly 65 per cent of the target is expected to come from gold ornaments," Tata Group said highlighting the Innovation and Innovativeness of the company.

Titan Industries, a joint venture between the Tata Group and Tamil Nadu Industrial Development Corporation, had recorded Rs 3847.72 crore revenue in 2008-09.

Jewellery contributed Rs 2763.2 crore to the total revenue, watch segment Rs 908.49 crore and other products like eyewear, accessories and precission engineering components the remaining.

Titan Industries is one of the premier players in India's Rs 80,000 crore jewellery market. Semi-urban and rural areas account for nearly 60 per cent of the total market.

Titan sells jewellery through its GoldPlus and Tanishq retail chains. While GoldPlus addresses the rural and semi-urban mass market and focuses on plain gold jewellery, Tanishq focuses on the metros.

GoldPlus expects to record Rs 2,000 crore turnover over the next four-five years.

Post Comments

Comments: (Limit 3,000 characters)

Name		Message
Email ID
Subject

TERMS OF USE:
The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).

I agree to the terms of use.