Watches and jewellery maker Titan Industries Ltd sees firm consumer off-take across all segments and expects the wedding season to boost sales, a top official said.
The company's expansion plans are on track despite the concerns over slowing demand due to the current financial meltdown.
"In the jewellery business we want to be national by the end of the year and we want to open 80 stores by March and that plan has not changed," Bhaskar Bhat, managing director, told television channel NDTV Profit on Wednesday.
"Similarly in the watch business we are set to add 90 stores to the current 243," he added
However, Bhat admitted the trickle down effect from other sectors may hit Titan but said the company was prepared to meet those challenges.
Shares of the company traded up 0.6 percent at 907.35 each share in the Mumbai market.
1 comment:
Here's an analysis on why Titan may be a strong buy:
http://indiavest.blogspot.com/2008/11/titan-industries-stock-recommendation.html
Post a Comment