Titan Limited FY21 Annual Report Takeaways ⌚️
'One of the world’s largest integrated watch manufacturer with an enviable distribution footprint'
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'One of the world’s largest integrated watch manufacturer with an enviable distribution footprint'
Hit the 'retweet' & help us educate more investors.
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1/
Titan in Numbers!
Titan in Numbers!
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Their Brands!
Their Brands!
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Titan has transformed itself from being one of the world’s largest integrated watch manufacturers with an enviable distribution footprint to a premier lifestyle Company with a presence in the jewelry, watches, fragrances, eyewear, and Indian dress wear segments.
Titan has transformed itself from being one of the world’s largest integrated watch manufacturers with an enviable distribution footprint to a premier lifestyle Company with a presence in the jewelry, watches, fragrances, eyewear, and Indian dress wear segments.
4/
Highlights of the Year -
War on waste program helped free working capital and optimize costs
Exercised discretionary cuts on various expense
heads due to the lower level of activity
Negotiated fairly significant waivers/reductions for rentals in these disruptive times
Highlights of the Year -
War on waste program helped free working capital and optimize costs
Exercised discretionary cuts on various expense
heads due to the lower level of activity
Negotiated fairly significant waivers/reductions for rentals in these disruptive times
5/
On Technology -
Physical meets Digital
Omni-channel marketing
Deeper connections with digital Campaigns
Workforce -
7235 employees on roll
Of the total -
3036 in manufacturing
3213 in retail
986 in the corporate and support functions
On Technology -
Physical meets Digital
Omni-channel marketing
Deeper connections with digital Campaigns
Workforce -
7235 employees on roll
Of the total -
3036 in manufacturing
3213 in retail
986 in the corporate and support functions
6/
Gem & Jewellery sector contributes ~6-7% of India’s GDP. Indian fascination with Jewellery goes back 5,000 years. Highly fragmented & unorganized with 90%+ jewelers being family-owned firms. Titan is one of the key players in the organized side with a market share of 5-6%
Gem & Jewellery sector contributes ~6-7% of India’s GDP. Indian fascination with Jewellery goes back 5,000 years. Highly fragmented & unorganized with 90%+ jewelers being family-owned firms. Titan is one of the key players in the organized side with a market share of 5-6%
7/
Karigar Centre -
It is a sustainable model focussing on inclusive growth for all stakeholders in the value chain especially the craftsmen who are completely neglected by the trade. The business model of Karigar Centre has investments in land & building by Titan Company
Karigar Centre -
It is a sustainable model focussing on inclusive growth for all stakeholders in the value chain especially the craftsmen who are completely neglected by the trade. The business model of Karigar Centre has investments in land & building by Titan Company
8/ while the management of the same is by captive vendor partners. Further, these Titan Karigar Centres
also have a dedicated residential block for Karigars to live within the same campus with a good quality of life and healthy nutrition.
also have a dedicated residential block for Karigars to live within the same campus with a good quality of life and healthy nutrition.
9/
The Karigar Centre initiative also enables overcoming a critical challenge associated with attracting & retaining good talent in Jewellery manufacturing for the Company and is one of its kind in the entire Jewellery industry pan-India.
The Karigar Centre initiative also enables overcoming a critical challenge associated with attracting & retaining good talent in Jewellery manufacturing for the Company and is one of its kind in the entire Jewellery industry pan-India.
10/
Intellectual Capital – Design and Innovation
Intellectual Capital – Design and Innovation
11/
Titan owns these subsidiaries/Associate/JVs:
Titan owns these subsidiaries/Associate/JVs:
12/
Technology Adoption, Adaptation, and Innovation
- Watches & Wearables Division
- Jewellery Division
- Eyewear Division
Expenditure on R&D
Technology Adoption, Adaptation, and Innovation
- Watches & Wearables Division
- Jewellery Division
- Eyewear Division
Expenditure on R&D
13/
Management Discussion & Analysis
Watches - "Watch as an Accessory is timeless and we are committed to capitalizing on it. Investment in design and new product development has happened consistently over the last 3-4 years, considerable focus is now being given
Management Discussion & Analysis
Watches - "Watch as an Accessory is timeless and we are committed to capitalizing on it. Investment in design and new product development has happened consistently over the last 3-4 years, considerable focus is now being given
14/ to reimagining the World of Titan channel, the transformation of the Multi-Brand watch outlet, marketing communication investments, and ratcheting up the omnichannel play."
15/
Wearables - "Significantly increased capability for this domain through HUG Innovations acquisition in FY20, while improving its product and app design capabilities as well. A steady pipeline of exciting new products, services and ecosystems starting as early as in 2021"
Wearables - "Significantly increased capability for this domain through HUG Innovations acquisition in FY20, while improving its product and app design capabilities as well. A steady pipeline of exciting new products, services and ecosystems starting as early as in 2021"
16/
Jewelry Division - "Opportunity in FY22-23 and in the medium term is excellent. Apart from low market share, increasing competitive advantage, and brand preference. CaratLane has had a scorching growth in Financial Year FY21 and reported a profit for the first time"
Jewelry Division - "Opportunity in FY22-23 and in the medium term is excellent. Apart from low market share, increasing competitive advantage, and brand preference. CaratLane has had a scorching growth in Financial Year FY21 and reported a profit for the first time"
17/
Eyewear - "Unlocked value from operations, discount reduction, channel, and product-mix improvement, in-house production enhancement, store/lab closures and other fixed cost management. All this led to a platform of profitability that is sustainable.
Eyewear - "Unlocked value from operations, discount reduction, channel, and product-mix improvement, in-house production enhancement, store/lab closures and other fixed cost management. All this led to a platform of profitability that is sustainable.
18/
Growth Drivers -
- The low market share that the Division has
- Millions of people in India with unaddressed refractive error and the new lifestyle (excessive screen time) that is accelerating the need for vision correction among the youth.
Growth Drivers -
- The low market share that the Division has
- Millions of people in India with unaddressed refractive error and the new lifestyle (excessive screen time) that is accelerating the need for vision correction among the youth.
19/
Fragrance Division - "This platform will come in very handy in the next few years as India’s per capita GDP
jumps significantly making it contribute meaningfully to the Company’s revenues and profits."
Fragrance Division - "This platform will come in very handy in the next few years as India’s per capita GDP
jumps significantly making it contribute meaningfully to the Company’s revenues and profits."
20/
Titan Q1FY22 Update -
Titan Q4FY21 Results -
Titan Q4FY21 Updates -
Titan FY20 Ar Takeaways - jstinvestments.com
Titan Q1FY22 Update -
Titan Q4FY21 Results -
Titan Q4FY21 Updates -
Titan FY20 Ar Takeaways - jstinvestments.com
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