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The gainers and the losers He excels in the nuts and bolts of entrepreneurship New India Assurance posts impressive show Dish TV – subscriber additions encouraging L&T bags the Mumbai Trans-harbour link order Kone India eyes further growth in elevator market PPP model for infrastructure development Are they really independent? Smartphone onslaught by Chinese brands AL secures orders for 3600 buses Tata Steel, ThyssenKrupp sign MoU to merge European units Right to privacy – now it’s fundamental! Toyota and Suzuki to introduce EVs in India by 2020 Titan Company – sales recovery to kick in RoC in the dock... Vellayan is back, after 150 days L&T profit up by 11 per cent Is this a generation gap? Sivasankaran enters taxi space to take on Uber and Ola Shriram Life clocks more than Rs.1000 crore premium in 2015-16 Tata Motors aims to be among the Top 3 global CV & PV firm Singur minus Nano – victory or folly? Michelin to double Chennai capacity A welcome initiative-even critics are recognised Carnival Films acquiring 3000 screens pan India Tata Motors joins compact SUV bandwagon with Nexon TN government keen on revival of operations at Nokia complex PSU non-life firms seek to protect share Bajaj Finserv – Q1: fare well From the toughest to the best year The unexpected exit Rane targets Rs.5500 crore topline by 2018-19 Consolidating leadership position in smartphones Solar installations exceed 2015 capacity in five months E.I.D Parry (India) Ltd: another sweet year Tata Motors bets on new launches Smooth sailing of SAIL CAPITAL NOTES Sundram Fasteners rejigs international V-Guard launches app-enabled water heater system Nissan exit shouldn’t affect ALL Ponni Sugars (Erode) Ltd: not so sweet 2012-13 LVB posts 31 per cent growth in Q1 net profit A niche in FMCG business... Record two-wheeler sales Eyes strong growth in 2016-17 Wabco launches safety system Ode to Ratan Tata Welcome focus to improve rural India... Hyundai India achieves 7 mn production at Chennai factory IOB on turnaround path Hindalco – re-rating Yamaha unveils scooter boutique L & T’s floating dock for navy Increasing market share When small is not so beautiful… AL introduces Guru & Partner Maruti – for young buyers Chinese smart phones flourish in small towns too! Gamesa to set up a plant in Nellore TVS Srichakra plans capacity expansion ITC chairman calls for policy impetus to transform agriculture Land wars Preparing for the next growth curve TVS Automobile invests Rs.75 crore in start-up firms 29 per cent jump in TCS revenues ITC – steep excise hike HPCL plans Rs.61,000 crore capex over 5-years Forging industry worried over lower supply of steel and its price Mercedes-Benz sales continue to zoom Tata gets 4-star rating for Zest AL wins Deming prize again TI Cycles plans retail expansion to drive sales for premium bicycles Tata Motors charts investments in PV and CV businesses Hyundai to focus on SUVs and AMT variants Emami – a new growth mantra Daimler’s truck exports from Chennai cross 5000 units M & M unveils driverless technology for tractors Housing demand revival Aurobindo Pharmacy: good turnaround L & T set bigger ambitions in defence business Daimler grows sales and share in India Last stages It takes two to tango Back in growth mode
 
Titan Company – sales recovery to kick in

FY14 was one of the most challenging years for Titan. Apart from weak consumer discretionary spending, regulatory changes on gold leasing and imports also impacted the company’s performance adversely. Reported earnings grew by 2 per cent YoY, RoCE declined from 62 per cent to 42 per cent and operating cash flow was negative, first time in the last decade.

 Faced with a tough competitive environment and deep discounting, which led to 6 per cent volume de-growth in FY14, Titan’s watch division increased brand investments and new launches, consolidated distribution channels, and expanded its retail presence, especially in central India, to re-gain growth.


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