Wednesday, 16th June 2004 (4300 views)

Tanishq, the jewellery and watch division of Tata-owned Titan Industries, is predicting a 35 per cent growth according to the Financial Express.

The chief operating officer of Tanishq, Harish Bhat, suggested that the company is expecting a turnover of around Rs 575 crore, compared to Rs425 crore in 2003.

In addition the company is also planning to open eight new Tanishq stores in the next 12 months, bringing the number of outlets to 75.

Many of the new franchisee-owned stores will be in shopping malls across the country as part of its new marketing strategy to move into smaller towns.

Tanishq also revealed it is planning to develop new products that will help increase its current market share.

 

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