Titan Eyeplus ambitiously eyes at increasing store count by FY23-end
16 June 2022, Mumbai:
Titan Company’s eyewear division Titan Eyeplus plans to take its store count to over 1,000 by FY23-end.
As per a Fashion Network report, the eyewear brand opened 178 new stores across India over the past year. It currently holds 760 stores across the country.
Besides expanding its brick-and-mortar presence across India, Titan Eyeplus is also focusing on product innovation and launching more comprehensive eye-care solutions. The brand’s recent launches include audio sunglasses, anti-virus glasses and lenses, and value glasses among others.
The brand has shifted its identity to centre around expertise and empathy and define itself as an eye-care expert. Titan also officially renamed its eyewear division to eye-care during the pandemic to respond to the growing concerns for health and wellbeing.
In the 2021 and 2022 financial years, Titan Eyeplus reported a profit and the 2022 financial year was the best financial year for the business to date, despite the disruptions of the pandemic.
In the 2021 financial year, Titan Eyeplus’ profit totaled Rs 8 crore, which surged to Rs 38 crore in the 2022 financial year. The business plans to make 2023 equally profitable.
