Expect market share in jewellery business to touch 10% over next 3 years: Titan

Titan is expecting its market share in jewellery business to touch 10 percent over the next 3 years. The company currently has a market share of 6 percent in the segment.

C K Venkataraman, MD of Titan, told CNBC-TV18 said they are keeping an eye on key players from every city to improve market share.

“It is very difficult to pin down the market share number because of the nature of industry. But every month we keep an eye on the key players in every city and we use the data for internal consumption. So if I look at the last 3-4 years, how much we have grown and what the big competitors in each of the cities have grown, then yes our market share in jewellery should certainly go towards 10 percent in the 3 year timeframe,” Venkataraman said.