Titan is a specialty retailer of lifestyle products. It operates in three product categories - Watches, Jewellery and Prescription Eyewear. It operates three retail formats in watches - The World of Titan, a chain of premium watch stores; Fastrack a chain of retail stores focused on youth; and Helios, a high end watch retail chain. There are three retail formats in jewellery - Tanishq, a chain of premium jewellery stores; Zoya, a chain of high end jewellery stores; and Goldplus a chain of mass market jewellery stores. Titan Eye + is a retail format for prescription eyewear.

 In the FY that ended in 31st March 2009, Titan clocked a retail sales turnover in excess of Rs 3500 crore, through the above retail businesses in watches, jewellery and prescription eyewear. The present retail sales at Titan have been growing at a compounded annual growth rate of 35 per cent and the company is growing retail areas by over 20 per cent.    

Quick Facts

Sales turnover (April 2008-March 2009) :  Above Rs 3500 crore

Growth rate : 35 per cent

Retail space growth rate : over 20 per cent

“Titan has innovated in retail formats and even when the market conditions were not promising the company went ahead with its plans to launch new store formats during 2008-09 and it launched the High end retail formats- Zoya and Helios, and the youth focused Fastrack retail store chains. This has helped the company stabilise the store formats and they are ready for scaling up. We are very optimistic about maintaining the present levels of retail growths and see a great new year ahead.”

V Govind Raj, Vice President - Integrated Retail Services, Titan Industries