Titan to expand manufacturing capacity and retail footprint

Titan is planning to expand its manufacturing capacity and retail footprint across the country for its entire range of products, including watches, jewellery and prescription eyewear. In this regard, the company will invest over Rs 250 crore this year. Of total, Rs 150 crore will go for capacity expansion and the remaining will be spent on retail expansion. Last year, the company registered only four per cent top line growth with a drop in sales of watches and jewellery. Besides, the company will also invest nearly Rs 100 crore in expanding Montblanc boutiques. Titan Company is an Indian designer and manufacturer of watches, jewellery, precision engineering components and other accessories including sunglasses, wallets, bags and belts.