Titan to cut back on brand building

26 Feb 2009

1

Titan Industries, the watch and jewellery arm of the Tata Group, intends to cut back on brand building exercises.

The Bangalore-headquartered company plans to focus on tactical advertisements, which will generate immediate sales. The 'theme advertising', which Titan is associated with will now take a backseat. Now, Titan aims at brand-building over a longer period.

Titan's advertising budget this year is estimated to be about Rs 180 crore. In the current financial year, the company has already spent Rs160 crore on advertising. Though the company has not made any cut on the ad budget yet, it expects that the adspend will drop.

Bhaskar Bhat, MD, Titan Industries said that brand-building advertising has long-term impact and at present getting cash from the market was important, hence the change in advertising plans.

Business History Videos

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more