Kolkata: Watch major Titan Industries aims to grow at 20-22 percent by the end of 2011-12 and will open 50 small format outlets across the country by the end of this fiscal, a company official said here on Friday."We aim to grow by 20-22 percent, which is around 8-10 percent more than our annual average," said S. Natarajan, the company's national sales head.
The outlets, with an investment of around Rs 25 lakh each, are mainly targeted towards markets in B and C class cities and towns, said Natarajan, who was here to inaugurate the first such otulet in the city.
Natarajan said the company was looking to grow at 25 percent in West Bengal where it registered a growth of 16 percent in FY11.
He also said the company is likely to touch national sales figure of five million units by the end of this fiscal.
