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Titan Industries- TTAN IN (U-PF)
Business description:
Titan is India's largest manufacturer /retailer of watches (21% FY10
sales) and jewellery (63% FY10 sales)
In the watches segment Titan sells high, mid as well as low end
watches
In jewellery, Tanishq is Titan’s luxury jewellery retail format and
GoldPlus is its new mass market offering
Goldplus (mass market jewellery) portfolio now stable at 29 stores
with no major store additions planned
Eye+ (prescriptive eye-wear) formats are being scaled-up and is now
present in over 40 cities
Precision engineering division is expected to break-even in FY12
Growth drivers
As of March 2011, Titan has over 624 stores spread over 0.7m sf
‘World of Titan’ stores: 308
Fastrack stores: 43
Helios stores: 3
Tanishq stores: 117
Gold Plus stores: 29
Zoya stores: 2
Eye+ stores: 122
Titan above 5 year average PE now
News and updates
Titan plans to add 250 stores across formats in FY12
against 150 stores in FY11. 85%+ of these will be
franchisee owned. Capex for the year will be ~Rs1bn.
The new stores will include over 35 Helios outlets, 60-70
Fastrack stores, 20 Tanishq stores (including a 20k sq ft
outlet in Mumbai), 6-7 Goldplus stores and 30-40 World
of Titan stores besides continuing rollout in Eye+
Tanishq has opened a 20,000 sq ft flagship store in
Mumbai
Akshay Tiritya sales were reportedly strong this year
despite high gold prices
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Titan Industries- TTAN IN (U-PF)
Business description:
Titan is India's largest manufacturer /retailer of watches (21% FY10
sales) and jewellery (63% FY10 sales)
In the watches segment Titan sells high, mid as well as low end
watches
In jewellery, Tanishq is Titan’s luxury jewellery retail format and
GoldPlus is its new mass market offering
Goldplus (mass market jewellery) portfolio now stable at 29 stores
with no major store additions planned
Eye+ (prescriptive eye-wear) formats are being scaled-up and is now
present in over 40 cities
Precision engineering division is expected to break-even in FY12
Growth drivers
As of March 2011, Titan has over 624 stores spread over 0.7m sf
‘World of Titan’ stores: 308
Fastrack stores: 43
Helios stores: 3
Tanishq stores: 117
Gold Plus stores: 29
Zoya stores: 2
Eye+ stores: 122
Titan above 5 year average PE now
News and updates
Titan plans to add 250 stores across formats in FY12
against 150 stores in FY11. 85%+ of these will be
franchisee owned. Capex for the year will be ~Rs1bn.
The new stores will include over 35 Helios outlets, 60-70
Fastrack stores, 20 Tanishq stores (including a 20k sq ft
outlet in Mumbai), 6-7 Goldplus stores and 30-40 World
of Titan stores besides continuing rollout in Eye+
Tanishq has opened a 20,000 sq ft flagship store in
Mumbai
Akshay Tiritya sales were reportedly strong this year
despite high gold prices
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