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Titan: Signs of strength

Aug 25, 2003

The slow but steady turnaround at Titan is reflected in the company's 1QFY04 performance. Despite higher PBIT losses in its watch division, the company has managed to increase operating margins by 50 basis points. At the same time, the watch and jewellery division continues to show double digit growth at the topline level. That said, first quarter is generally a weak period for durable companies.

Titan: Operating woes

Nov 11, 2002

In light of India's large population and potential for higher disposal income in the long run, a number of multinational retailing majors have set shop in the last three years. Among Indian companies, Titan was the first to spot the growth potential. India's numero uno in watches and jewellery however, has had a difficult time over the years. FY03 so far has not been any different.

Titan: Lower losses, but concerns prevail

Aug 7, 2002

The last three years has been a rough ride for Titan Industries, the manufacturers of watches and jewelry, which also has one of the most precious brands in the country. After having posted an impressive performance in the fourth quarter of FY02, the company has once again slipped into the red. Though first quarter results may not be representative of the sector demand scenario, the pressure at the operating level is apparent.

Titan – Clocking on brands

Jul 5, 2000

No wonder! This company occupies the sixth largest position among “manufacturing brands” in the world. Its brands include Tanishq, Sonata, Nebula, Synchrony and FastTrack. Titan has also been voted as the most admired durable company in the annual A&M-MARG survey. With Timex hived off, the company has huge market to exploit!

Timex Watches posts loss of Rs 12 m

Jan 29, 2000

Timex Watches has witnessed a a loss of Rs 12 m in 3QFY2000. This is despite the fact that sales improved significantly by 42.9%.


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