Not sure of that but eyewear could potentially contribute as much to bottomline as the watch division in about 2 years.The markup is just too big!!!

 

 

My arguments and I prefer business which are:

"Either Master of one or Jack of all"..

 

Though this dictum when applied to humans has changed to

"Master of One and Jack of all"

 

I have seen lot of Retail Jewellery stores out here in US...the present scenario shows me that once any of the group starts succeeding there will be far too many similar oulets,effectively nibbling the market share..additionaly along with TITAN-TANISHQ and GITANJLI-NAKSHATRA diamond-- they have to reinvent themselves..these stores can not succeed solely on Gold Play...

 

High end Customers --will aspire for more better Brands

Medium end Cutomer-- this is what the stores will cater to

Low end Customer--- Depends on the way Titan prices it's products..and I think it will be difficult to surpass the personal touch that a local jewellery owner commands.

 

Additionaly any Organised retail story can be a success only if it offers variety..when I go to a Titan shop and only see Titan watches what's the fun ...so if in PRIL(Central) there is a store of Titan and many others than it will be good for both,but in that case I would buy Shares of PRIL or TRENT?

 

Thus mixing up three products in it's store will make it less of a Player.

 

However I think Gitanjli is much better positioned.In marriages I have seen a definite increased liking of Diamond...but funny thing with Diamond is without a Certificate it's just a peice of Glass..but nonetheless it's demand will go up.Both GILI and Tanishq offer 4C diamonds...but GILI is concentrating solely on Diamond which will make it far better strategic player.

 

Additionally when it comes to Spects..there is hardly any store ...those that are present do not have good opthalmologist except 'Bausch and Lomb"...and I agree 100% of the excellent Market Cap.

 

But if  Titan mixes up all three,I won't be very comfortable first buying my Spects and than asking for Diamonds from the same store.

 

Lastly all depends on the CEO's and Mangement ...Tata's make money but when it comes to new ventures they are bit Lazy...and I would love the mangement to be Hungry and ambitious(see Basantjee's other thread where he describes comparision of small business becoming big)