Luxury Watches

Leading watch and jewellery maker Titan is "very bullish" for its watch business, which is expected to touch the USD 1 billion sales mark in the next two years, led by factors such as premiumisation, retail footprint expansion and growth of the international business division, a top company official said. Titan recorded a compounded annual growth rate (CAGR) of about 16 per cent in the last four to five years, and it is focusing on the mid-premium analogue segment (Rs 10,000 to Rs 25,000), and the premium segment (Rs 25,000 to Rs 1 lakh) to drive growth, Titan Watch Division CEO Kuruvilla Markose told PTI. Riding on the premiumisation wave, trend of revival of analogue watches, Titan is expanding the network of its Helios and the new Helios Luxe format as the appetite for luxury watches in India is on the rise, he said, adding, "Premium and luxury segments will grow faster, potentially upwards of 30 per cent." With tailwinds such as a growing economy, rising personal income, and a .

From hand-assembled engines to meticulously crafted movements, the worlds of motoring and horology merge through collaborations that celebrate precision, heritage and mechanical artistry

M3M Group partners with luxury watchmaker Jacob & Co to build India's first branded residences in Noida, with an investment of Rs 2,100 crore and prices up to Rs 25 crore

The late designer's will calls for an initial 15 per cent sale within 18 months, followed by up to 54.9 per cent more in 3-5 years

Casio India expects mid double-digit growth and stronger festive demand, while doubling local manufacturing and launching its first automatic watch under the Edifice label

With double-digit growth, new launches, and deeper India focus, Timex aims to be the second-largest international watch brand in the country

In an age when our smartphones have the time all the time, luxury watches offer something a phone never can - a glimpse into your personality and character

The watches division, meanwhile, has been hit with slowing demand as inflation-strapped shoppers curtail high-end purchases, with the watches and jewellery division's sales down 2% last year

He said that like Swiss watches, known for their craftsmanship, India has a rich tradition of exquisite craftsmanship, whether in textiles or jewellery

At BS Manthan, Hublot CEO Julien Tornare delved into what it takes to build a global luxury powerhouse, why authenticity and innovation matter, and whether India can create its own LVMH

India became the brand's largest market in 2023 as exports to China declined due to the slowdown

Sequentially, its net profit rose by 48.7 per cent, while its revenue was up 22.1 per cent

Country emerging as a lucrative market for premium timepieces, a trend led by the young generation

Company will introduce 41 styles and eyes 45 per cent growth during festive season

Rolex is the biggest Swiss watch brand and dominates the industry with an estimated 30% market share. Known for its Datejust, Daytona and Submariner models

Set to enter a "transformative era", the country's retail sector is expected to clock 10-13 per cent growth in the new year with players adopting technological advances to cater to luxury as well as value customers while inflation shadows continue to lurk in the background. Network expansion, a strong uptick in demand for premium brands, increasing traction for value brands in smaller cities and general elections will be among the key drivers for the retail sector, which is also moving from being just a tale of rural and urban markets. Besides, the continuing e-commerce growth with a surge in quick commerce, hyperlocal delivery services and impulse purchases will provide additional tailwinds. "The Indian retail industry's growth prospects for 2024 present a mixed picture with several factors influencing the landscape," Deloitte India Consulting Partner Rajat Wahi told PTI. The space has bright spots such as robust GDP growth, tech-driven transformation, continued festive season ...

The DS group also has brands like Swiss luxury chocolate Laderach, childrenswear store Les Petis, and premium grocery and retail store Le Marche

As China's economic engine falters, luxury brands are hoping that India's steady growth will lead to increased demand for their products

According to a report by Knight Frank, 53 per cent of ultra-high-net-worth Indians are likely to purchase these three items in the current year

Imports touched 98.5 million Swiss francs (nearly Rs 933 crore) in the January to June period this year period from 81.2 million francs a year earlier