New Delhi, March 13 Titan, a watchmaker aiming to achieve USD 2 billion in sales by FY30, expects its Helios stores, which retail premium and luxury watches, to contribute around 20 percent of total revenue, according to a company official on Friday.
The company, which is witnessing higher growth in the accessible luxury segment, plans to increase the number of Helios Luxe outlets, which sell watches above Rs 1 lakh, to 100 by 2030 from its current 15, Rahul Shukla, VP & Chief Sales and Marketing Officer, Watches Division, Titan Company, said.
Helios and Helios Luxe will be a "significant part" of Titan's growth trajectory as it pursues a billion-dollar sales target for the next fiscal year.
"We plan to open approximately 30 to 40 Helios stores each year, and this trend will continue. However, we will accelerate the expansion of Helios Luxe, considering the strong growth in the accessible luxury segment," Shukla told