Titan Eyeplus eyeing overseas markets

Eyeware retail chain Titan Eyeplus is mulling entry into neighbouring Sri Lanka and Bangladesh as part of its plans to carry its imprint beyond India, a top company official said here on Wednesday.

The Tata Group company, which opened its 100th store in eastern india at Dum Dum in suburban Kolkata during the day, said it would come up with a detailed digital strategy in the near future.

"We are considering overseas expansion. Initially in neighbouring countries like Bangladesh and Sri Lanka, as their markets are somewhat similar to that in India," Titan eyewear division CEO Ronnie Talati told media persons here.

He said the company now has 400 retail stories in India and was emphasising on entering the tier II, III and smaller markets and towns.

Besides, it was also hoping to foray into the digital platform and would unveil a detailed digital strategy in the near future.

The company had come up with a not-so-impressive third quarter results this year, but hoped to do better as the market condition has seemingly improve, he said.

In the first nine months of 2015-16, the company has done Rs.400 crore business, which was 17 percent more than that in the corresponding year-ago period.