Business Units or Product Lines

Titan Company Ltd operates primarily in four segments: watches and wearables, jewelry, eyewear, and other products. The jewelry division, under brands like Tanishq, is the largest and most profitable. The watches division includes brands like Titan, Fastrack, and Sonata. The eyewear segment operates under Titan Eyeplus, and other products include fragrances and accessories.

Business Models for Each Product Line

The jewelry division generates revenue through retail sales in India and selected international markets, with major expenses in raw material procurement, primarily gold and diamonds, and retail operations. The watches division earns through branded watch sales, both domestically and internationally, with costs in manufacturing and marketing. The eyewear segment generates revenue through the sale of prescription and fashion eyewear, incurring expenses in product development and retail distribution. Other products like fragrances add to revenue, augmenting brand offerings.

Future Opportunities for Growth

Titan has strong potential for growth through expanding its jewelry segment domestically and tapping into international markets, particularly as it leverages India's love for gold. Digital transformation across all segments and enhancing e-commerce platforms provides avenues for increased sales. Growth in the eyewear and wearables market, with rising consumer attention to health and fashion, presents further opportunities.

Potential Major Risks

Titan faces risks from fluctuating gold prices impacting the jewelry segment's profitability. Changes in consumer spending patterns due to economic conditions or shifts in fashion trends also pose risks. Regulatory changes, particularly in foreign trade and gold import policies, could affect operations. Intense competition from local and international brands across all segments remains a challenge.