Category: News & Views

Since the business restructure enabling different chains to grow, we would like to compare on how they have speard their retail wings despite difficult times in the Industry.

The (more…)

In continuing coverage on Titan we would like to discuss about some of the Myths & Realities of Titan’s Retail Business.

Competitive Industry Impacts Margins – Titan has a huge competitive advantage in both its Jewellery and Watches businesses with strong brands, design capabilities and distribution. Titan’s financials have demonstrated the entry barriers to the business: despite the entry of a number of players in the industry.

The (more…)

Titan Industries has reinvented itself as a sought after Brand for consumers in India. We will have a look at the current state of the 3 Large Segments of its business – Watches, Jewellery and Eyewear.

Watches – Not Just Time, but Fashion:Department store growth rates are at robust levels – and as department store sales are impulse purchases in the watch segment, they indicate good sentiment on watches. Fastrack is doing well and there is a scope to leverage the brand even more into the accessories space. Titan holds c70% of the organised market share.

The company sees a big opportunity to target the INR5,000-20,000 band. Titan has brands such as Xylys and Nebula and a multi-brand watch format Helios (where it has international brands such as Tommy Hilfiger) to play in this segment. They expect to open around 15 Helios stores this year (plan to have 50 stores in next three (more…)

The Domino’s brand posses a competitive advantage due to its differentiated positioning which we believe is sustainable for years to come. The Domino’s brand created a brand pull due to its strong marketing which the management intends to leverage to its advantage by expansion across Tier II and Tier III cities.

Dominos commissaries – It has 4 currently located in Noida (Delhi (more…)

Hidesign has recently opened its flagship store in Pondicherry. The Flagship store means a lot to us and will the reference (more…)

SKNL is well positioned to benefit from the growth of the branded textiles and apparel market in India. It is a leading player in the branded textiles and apparel segment in India with market leadership position in the uniforms segment (30% market share) and is the 2nd largest player in the worsted suiting segment. Its product range caters to all consumer segments ranging from mass market to luxury textiles.

SKNL’s brands currently (more…)

Marico is facing a steady deterioration in the fortunes of its flagship business, Kaya Skin Clinic which was one of the fastest growing segments of the company.

The Managament says that Kaya will continue to make losses in FY11F (we estimate a loss of INR100mn) and is only looking at breakeven in FY12F. Management remains convinced of Kaya as a business model and reaffirms its view that it will succeed in the medium term; it will continue to support (more…)

Currently the Indian Government allows Foreign Direct Investment in the retail sector in single brand outlets only. Multi Brand retailers are operating with an Indian partner. The Government has now proposed to allow 51% FDI in Multi Brand Outlets – This means Costco, Sams Club, Careefour etc can now directly retail to the Indian consumer.

A copy of (more…)