Targets Rs10,000cr revenues, 10% EBIT, 25% market share in Gold in next 4 years: Titan aspires to reach Rs10k crore of Gold revenues, 25% market share in branded jewellery and 10% Gold EBIT margins from its current levels of Rs35bn revenues, 4% market share and 7.5% EBIT margins, respectively, by FY14. Addition of 12-15 stores per year (200 stores by FY15) and increasing proportion of studded jewellery (from 27% now to targeted 40% in FY14) should facilitate the above goals. Efforts at improvement in stock turns, in both Gold and Diamond (which enjoys similar RoCE), shall also help drive margins...
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Source: Dalal Street Investment Journal
Dalal Street Investment Journal
Titan Industries - Research Report
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