One of the big wealth creators of the last decade, Titan, has seen its market cap rise from a mere Rs 6,300 crore in 2010 to Rs 1.35 lakh crore today.
In an interview to CNBC-TV18, S Subramaniam, CFO of Titan, said, “We continue to be at 6-7 percent market share in the jewellery industry and it’s an area where we see growth coming in over next 5-10 years.”
“Wearables is now a very exciting opportunity, it’s a large market. Eyewear is significantly underpenetrated market as yet and there is a lot of opportunity to grow that business and the industry itself substantially. So market share gains are possible, industry growth is possible and of course the new ventures like fragrances etc.,” he said.
For entire interview, watch video