Kolkata,  June 15: Tanishq, the jewellery watch division of Tata-owned Titan Industries Ltd, is planning to maintain a 35 per cent growth during 2004-05. The company is also planning to open eight new Tanishq stores during the current year. 

Tanishq’s chief operating officer — jewellery, Mr Harish Bhat, told reporters here that the company is eyeing a turnover of about Rs 575 crore, up from Rs 425 crore last year. 

Tanishq currently has a 70 per cent marketshare in the branded jewellery segment in India. Mr Bhat said that all the new stores will be franchisee owned and will come up in smaller towns since Tanishq already has a big presence in the major metropolitan cities in the country.