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WMR - November 2018


WMR - November 2018

Dear friends,

Diwali may have just been over, but the festivities continue. Recently, the local
watch market has been buzzing with activity. We have been in the midst of new watch launches and boutique openings. It is always exciting to be in tune with this versatile industry.

One of the key experiences we highlight in this issue is an account of our visit to the Titan Manufacture at Hosur. It is here that Titan Nebula watches are made. On the occasion of the 20th anniversary of Nebula, Watch Market Review was invited to take part in the celebrations at Bengaluru and I am sure you will love reading more about this.

Titan is undoubtedly India’s favourite watch brand and paves the way for the market. I read an interview given by Bhaskar Bhat, MD, Titan, where he purported that the festive season sales have been good both for the watch and jewellery business. With a strong wedding season coming, this will only continue. While the jewellery business of Titan has increased, especially in Q2, the high margin watch business is also expected to continue growing. He mentions that formalization of the economy has indeed benefitted the organized players and led to a gain in market share.

Recently, we also enjoyed an interaction with Virat Kohli, as he launched a new watch that is dedicated to him- the Tissot Chrono XL Classic Virat Kohli Special Edition. We visited the HKTDC Hong Kong Watch & Clock Fair 2018 and present a brief report of this. We also have several events and new launches covered for your perusal in this issue.

Happy reading!

SK Sign

Sunil Karer