Eyewear shines amid slow sales across board: Titan

Dec 24, 2013, 11.58 AM IST

The Dussehra-Diwali sales have been discouraging. The wedding season is also witnessing a sluggish demand in jewellery and watches segments. However, there has been a consistent growth in utility segment like eyewear. Among watches, Fastrack brand is doing well.

Tags  Titan Company, Fastrack, Titan, Eyeware

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Eyewear shines amid slow sales across board: Titan

The Dussehra-Diwali sales have been discouraging. The wedding season is also witnessing a sluggish demand in jewellery and watches segments. However, there has been a consistent growth in utility segment like eyewear. Among watches, Fastrack brand is doing well.

Like this story, share it with millions of investors on M3

Eyewear shines amid slow sales across board: Titan

The Dussehra-Diwali sales have been discouraging. The wedding season is also witnessing a sluggish demand in jewellery and watches segments. However, there has been a consistent growth in utility segment like eyewear. Among watches, Fastrack brand is doing well.

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This year has been lower. The customers for the watch segment have been very discretionary in purchase. The jewellery business has seen buyers coming, but that is a small growth.

Bhaskar Bhat

MD

Titan Company

With consumer sentiment continuing to remain weak, sales across  Titan company's various divisions stay sluggish. The Dussehra-Diwali period sales had not been encouraging for the company, and sales in jewellery and watches segments remain flat even in the wedding season, said comapny MD Bhaskar Bhat on CNBC-TV18.

However, the company is seeing a consistent growth in utility segment like eyewear. Among watches, Fastrack continues to do well, whereas sales of Titan brand have dipped the most. The company sees the debt levels stabilising around Q4FY14. 

Transcript to follow

Titan Company stock price

On December 24, 2013, at 14:10 hrs Titan Company was quoting at Rs 228.00, down Rs 1.05, or 0.46 percent. The 52-week high of the share was Rs 302.00 and the 52-week low was Rs 200.00.

The company's trailing 12-month (TTM) EPS was at Rs 8.54 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 26.7. The latest book value of the company is Rs 22.13 per share. At current value, the price-to-book value of the company is 10.30.

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