Titan Industries news and archive

Fastrack diversifies portfolio

In keeping with its product expansion plans, Fastrack, the brand from Titan, has unveiled a line of helmets in Bangalore. The new range sees 24 different variants for ‘guys and girls’ in variety of shades and graphics. Plans are afoot to include a collection of bicycle headgear and accessories in the near future. Fastrack, launched in 1998,...

Apparel

Titan’s Eye Plus charts out steady growth

With an innovative approach to selling eyewear in India, relatively young brand Titan Eye Plus from Titan Industries, plans to convert a functional product into a style accessory. Selling its eyewear at exclusive outlets, its same store sales grew by 40 percent in 2012-13 (over 2011-12). When Titan had entered the eyewear segment in 2007, the...

Apparel

Titan Industries Q3 profit up 24 percent at Rs 203.7 cr

Tata group firm Titan Industries has reported 24.29 percent increase in its standalone profit after tax for the quarter ended December 31, 2012, at Rs 203.73 crores. The company had posted a profit after tax of Rs 163.91 crores in the corresponding period previous year, Titan Industries said in a filing to the BSE. The standalone net income...

Apparel

Titan to sell-off Swiss brand Favre-Leuba

Titan Industries is looking at selling off Swiss watch brand Favre-Leuba, which it acquired in November last, in India. Titan had acquired the 300-year old Favre-Leuba for €2 million. The decision comes after the company felt that developing Favre-Leuba brand in the country would take almost a year, while their own Swiss label, Xylys will help...

Apparel

Titan to acquire Swiss brand Favre Leuba

Titan Industries would pick up Swiss watch brand Favre Leuba for over Rs 13 crores as a part of its product portfolio expansion plan. It has already made a binding offer with Val family SL Spain and Maison Favre Leuba of Switzerland for the acquisition, post which Titan will secure global rights for the brand. In its letter to the Bombay Stock...

Apparel

Titan reports 82% growth in Q3

As a joint venture between one of India’s most respected business organizations, the Tata Group, and the Tamil Nadu Industrial Development Corporation (TIDCO) Titan Industries is on a new high. After a profitable festival demand season the company has reported an 82 per cent year-on-year growth in Q3, net profit at Rs 137.57 crores. The net...

Apparel

Titan looks to stable growth

The watch and jewelry leader, Titan Industries, is likely to see robust sales growth on the back of rising income levels and stable gold prices. The company’s volumes in watches and jewelry segments grew 12 per cent and 50 per cent, respectively, in FY ’08. They later slipped to a negative five per cent for watches and 18 per cent for jewelry in...