The document presents a market research study conducted by Titan to understand opportunities for their premium watch brands and potential for smart watches. It provides an overview of Titan's current market share of 60% in the Indian watch industry. However, only 5% of their revenue comes from premium brands. The study aims to understand why consumers are not purchasing Titan's premium watches and whether Titan can become a premium watch brand. It also examines the potential for Titan smart watches. The research will use interviews and questionnaires with 1000 potential and existing Titan customers aged 20+ years in Mumbai to understand brand perception, purchase patterns, and desired product features.