FY18 revenue target of Rs 15,000 crore is achievable: Titan

In an interview to CNBC-TV18, S Subramaniam, CFO, Titan Company spoke about the results and his outlook for the company.

Our main theme has been the focus on wedding jewellery which has worked very well. Growth is coming largely from the segments we were not playing earlier, he said.

Watches is doing quite well on the domestic side. Seeing traction in the watches segment as well, he added.

Quarter on quarter, we expect to do well and expect to gain market share as we grow, said Subramaniam.

I think Rs 15,000 crore revenue target for FY18 is definitely achievable. Achieving 25 percent growth on topline is possible, he further mentioned.

Rate of new customer acquisition is strong. Our ticket size has gone up from Rs 65,000 per head to Rs 77,000 per head, which is a significant shift, he said.

Fastrack has been doing well in last few quarters and the company has 15 million customers in watches segment, Subramaniam added.

For full interview, watch accompanying video...