Titan Company has been on a tear with nearly 100 percent gain so far this year. In an interview to CNBC-TV18, Bhaskar Bhat, MD of the company spoke about the latest happenings and his outlook going ahead.
Bhat said expectations are high for the festival season.
“The two things which triggered some uncertainty post the last festive season, which is demonetisation immediately after Diwali last year and goods and services tax (GST) that has followed,” he said.
Bhat further said that there is an uncertainty as to whether this is a right time to buy.
On business front, he said organised players will benefit from GST implementation.
According to him, consumer awareness and policy compliance increased post demonetisation and GST.
He further said that cash transactions have come down significantly post demonetisation.
Bhat thinks formal and mid-market watch companies will benefit from GST implementation.
On eyewear front, he sees a bright future for the eyewear business despite high competition.
He is witnessing a revival in same-store-sales-growth in watches segment.