Fire-Boltt emerged as the market leader, capturing an impressive 28% share, closely trailed by Noise and boAt. The share of domestic manufacturing reached the highest ever at 82 percent compared to 4 percent a year ago, the report added
Tata group company filed a civil law suit against certain sellers and Snapdeal, after the e-commerce major ignored its complaints
In an interview to CNBC-TV18, S Subramaniam, CFO, Titan Company spoke about the results and his outlook for the company.
The company said that volume growth is not coming easily, but progress is being made on achieving higher margins.
Tata Group firm Titan Company today said its jewelery sales have reached "pre demonetisation" level in December but sales of watches through multi-brand outlets are yet to recover.
Buoyed by the response to its smartwatches, Titan is planning to introduce affordable models of the device under its other brands like Sonata and Fastrack in the next few months.
After the company posted its fourth quarter earnings, Titan said it is targeting 15 percent plus growth in fiscal year 2017.
Leading watchmaker Titan will add about 100 more outlets across its retail formats of World of Titan, Fastrack and Helios this fiscal to increase its presence in small towns, a top executive said.
The Dussehra-Diwali sales have been discouraging. The wedding season is also witnessing a sluggish demand in jewellery and watches segments. However, there has been a consistent growth in utility segment like eyewear. Among watches, Fastrack brand is doing well.
In this episode of Storyboard, CNBC-TV18's Naomi Datta takes a look at if it is time for the BCCI, sponsors and advertisers to worry about the fading audience interest in IPL?
Titan Industries, known for its jewellery and watches until now, could be soon associated with much more. It is speedily expanding its accessories foray via its youth centric brand Fastrack, where it will double the number of stores. That apart, it is also fast expanding its high-end watch retail chain Helios.
Titan has major growth plans for its youth brand Fastrack. This includes tapping into the largely unorganised accessory space in a big way, increasing its retail presence and exploring newer segments.
Titan Industries, makers of successful fashion accessories brand Fastrack, today said it was planning to enter into silver watches by the next year even as it is transitioning itself into a lifestyle retail company, a senior official said.
Titan Industries expects its revenue in the current fiscal (2011-12) will be over Rs 8,200 crore, compared with net sales of Rs 6,352.97 crore in 2010-11, as jewellery demand is expected to continue unabated, while watches and accessories sales too remain strong.