Titan aims at a turnover of up to Rs.600 crore in four years

Titan and European luxury firm Maison Montblanc, which has a joint venture to open latter's retail outlets here, is looking at a turnover of up to Rs 600 crore over the next four years.

Bhaskar Bhat, Managing Director, Titan, said, "We have a plan for about 25 stores under the joint venture. This year we will add seven stores, which will take the total to 14 stores.

I believe India is one of the best among store openings for MontBlanc. Twenty-five stores is a five year journey plan but we believe we can do it faster."

He added, "Per boutique we should be able to do a business of Rs 20-30 crore. So for 25 stores we should be able to do Rs 400-600 crore.

MontBlanc globally is looking at online as an omni-play but online in India will start very soon. It could start by this year. It will be most likely in partnership (with other e-commerce players)."

He further added, "Large cities are our primary thrust for stores. We will explore some online because the non-metro customer certainly has an allure of MontBlanc. We are not considering physical stores in non-metros right now.

Till we have established presence in metros we won't go to the next tier because luxury is still very much a metro phenomenon. People in non-metros want it but providing access would be expensive because per store investment is very high."