Titan Industries to Launch third new Business: equally promising as the other core businesses

Titan Industries Ltd has announced that the Company shall launch its third new business, 'Optical Eye-wear' under the name and style of Titan Eye+ on April 04, 2007 at Bangalore. This business shall leverage the Titan brand to a new category i.e. Prescription eye-wear. Titan Eye + is the retail chain in the business of sales and service of prescription eye-wear offering allied optical services like eye check up, and product offerings of frames, lenses, contact lenses etc. The product offering shall also include its own brands in the fashion eye-wear category besides licensed brands.

This augurs well for the Company' as the Company is entering a largely untapped and unbranded market with a leading brand in the lifestyle and personal accessory space.

The business has immense potential for growth of the Company's topline and bottomline with the Company plans to open about 150 stores in the medium term.

Source : Equity Bulls

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