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Mar 20, 2018 12:12 PM IST They are targeting a 10 percent market share overall, which will require them to grow at 20-25 percent annually every year, said Bhaskar Bhat, MD, Titan.
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Mar 07, 2018 10:47 AM IST The Nirav Modi scam has hit the gems and jewellery segment as bankers have become reluctant to give funds to the sector and all Letter of undertakings (LOUs) have been put on hold.
- Jan 11, 2018 11:15 AM IST
The Cabinet on Wednesday allowed 100 percent foreign direct investment (FDI) under the automatic route for single-brand retail. To discuss in detail what would be the positive impact of the above development on ground for the retail companies CNBC-TV18 spoke to Rakesh Biyani, Joint MD, Future Retail, J Suresh, MD and CEO, Arvind Lifestyle Brands and to know the impact on their growth and stock prices, they spoke to Abneesh Roy, Senior VP, Edelweiss Securities.
- Dec 19, 2017 08:27 AM IST
In his first interview after being appointed to the Tata Sons board, Tata group veteran Bhaskar Bhat says that the group's focus will be to increase collaboration between companies and scale up businesses to leadership positions. Speaking exclusively to CNBC-TV18's Priya Sheth, Bhaskar Bhat who is also the MD at Titan Company says that that the company aims to hit USD 5 billion in revenue by 2025.
- Dec 08, 2017 04:07 PM IST
Trend towards consumer discretionary spend is increasing. I don’t think gold will be out of fashion for quite some time in India, said S Subramaniam, CFO of Titan.
- Dec 08, 2017 12:19 PM IST
Ajanta Pharma retains the tag of fastest wealth creator for the third time in a row and Asian Paints is the most consistent wealth creator, said the wealth creation study
- Sep 06, 2017 01:35 PM IST
Titan Company has been on a tear with nearly 100 percent gain so far this year. In an interview to CNBC-TV18, Bhaskar Bhat, MD of the company spoke about the latest happenings and his outlook going ahead.
- Mar 23, 2017 09:59 AM IST
Jewellery companies are in focus as the government has lowered the cap on cash transactions from Rs 3 lakh to Rs 2 lakh.
- Dec 02, 2016 12:08 PM IST
Sales of both jewellery and watches over the last one week has returned to the levels seen for the same period before demonetisation was announced, says S Subramaniam, CFO, Titan Company.
- Nov 09, 2016 10:17 AM IST
There is expected to be a slowdown in the market and a short term disruption due to the ban and the US elections with a Donald Trump win likely.
- Oct 19, 2016 03:07 PM IST
The partnership is to expand its luxury brands segment by adding another chain, which will be called Ethos, said S Ravikant, CEO of Titan.
- Sep 07, 2016 10:23 AM IST
Demand for gold continues to be muted, but clear growth for diamond studded products is visible for Titan, says the company‘s CEO S Subramaniam. Demand is a concern across the industry.
- Jun 03, 2016 11:22 AM IST
After the company posted its fourth quarter earnings, Titan said it is targeting 15 percent plus growth in fiscal year 2017.
- Apr 13, 2016 01:52 PM IST
Although the industry is not happy that the excise duty has not been rolled back, Sanjeev Agarwal, chief of Gitanjali Export Corporation, is relieved that jewellers are back in business.
- Mar 28, 2016 03:10 PM IST
Fourth quarter performance will be impacted by industry strike and also by the move to make PAN cards mandatory on all jewellery transactions of Rs 2 lakh and above, says S Subramaniam, CFO of Titan
- Mar 01, 2016 08:57 AM IST
Speaking to CNBC-TV18, Titan's Bhaskar Bhat said that the 1 percent excise duty levied on jewellery articles will widen the gap between the unorganized industry as the latter does not have to bear this additional duty.
- Dec 04, 2015 01:05 PM IST
S Subramanian, Chief Financial Officer, Titan, says the capex in the joint venture will not be high enough to impact earnings in the short term
- Sep 24, 2015 10:26 AM IST
In spite of walk-ins being a challenge for the industry, the company will go ahead with its store expansion plans because of its belief in the long-term Indian growth story, says S Subramaniam, CFO, Titan Company.
- May 08, 2015 05:23 PM IST
Nitin Mathur of SocGen says the consumer segment is just coming out of a prolonged slowdown. “We were in any case not expecting any V shaped recovery to happen, it is going to be slow and gradual process and we are happy that things are on track for that,†he told CNBC-TV18.
- Apr 09, 2015 03:37 PM IST
Bhaskar Bhat, managing director of Titan, is afraid that such a rule will affect people who are not genuinely buying gold with unaccounted money.
- Dec 01, 2014 09:16 AM IST
The scrapping of export rule is very positive for the industry and would now reduce the arbitrage opportunity for smugglers, says R S Subramaniam, CFO, Titan.
- Nov 11, 2014 02:51 PM IST
S Subramaniam, CFO of Titan Company says it had to stop the previous Golden Harvest Scheme because of the changes in the Companies Act. The new scheme will be compliant with New Companies Act, he adds. It will be very similar to the old one, except that the returns have to be lowered to levels mandated by the Companies Act.
- Sep 16, 2014 12:09 PM IST
The sales of the company are expected to return to normalcy post Q2 FY15.
- Aug 21, 2014 02:28 PM IST
S Subramanian, CFO, Titan said the company has gained immensely from Golden Harvest — the 11+1 scheme — which will pave way for a bumper Q2. The company is now is planning to come out with another scheme in the next quarter that complies with the New Companies Act.
- Feb 28, 2014 11:48 AM IST
The Reserve Bank of India (RBI) has given approval to Titan for hedging of gold on international exchanges.
