BENGALURU: Indian chain of luxury watch studios Ethos Limited (Ethos) is looking at television commercials as a part of its mass media communications mix during the next fiscal. The company is considering business news channels such as NDTV Profit as well as some niche channels. Ethos is an authorised retailer of over 65 luxury watch brands.
The company plans to up by around 50 per cent its media spends revealed Ethos associate director Manoj Gupta to www.indiantelevision.com. “We will start in a small way, and gradually up our presence on television,” revealed Gupta.
Industry sources peg Ethos spends between Rs 7 to 10 crore per year, this includes contributions from the major brands that it sells. At present, Ethos uses print, outdoor and in-house quarterly publication Ethos Summit, besides the digital online medium, which has seen more than three lakh unique visitors per month to its portal claims Gupta.
So far, its media planning has been done in-house. Ethos is having discussions with a couple of media buying agencies in Mumbai and will chalk out its media buying plans’ once it picks a suitable partner. While most of its creative work is done in conjunction with the brands, a lot of the work is done by a Delhi based creative agency Scribbles.
“The average price of a fashion watch in India would be between Rs 15,000 to 20,000, a premium watch would cost about Rs 1 to Rs 1.25 lakhs, while a luxury watch would cost Rs.7 lakh upwards,” informed Gupta.
Ethos estimates the size of the fashion, premium and luxury watches at Rs 1500 crore and expects it to grow to Rs 4,000 crore over the next three years. The company has 41 outlets in 12 cities of India, of which about eight sell fashion watches, about seven luxury watches. It also has single brand watch stores for brands such as Rolex, Omega and Swatches.
Ethos generated a revenue of Rs 210 crore, last year and Gupta is confident of a 25 to 30 per cent growth in revenue this fiscal.
Gupta was in Bengaluru for the launch of a range of core and professional Rolex watches, earlier launched at Baselworld 2013, one of which costs Rs 44.68 lakh.
