Early signs are very good and we are very positive about Q3 and Q4 shaping up well: Titan CFO

economictimes.indiatimes.com:

Ashok Sonthalia, CFO, Titan Company, says “the mid premium, premium, high value segments are showing very good traction, good demand and growth rates are very high in those segments. The growth in consumer numbers is also high. Entry level demand is a little bit dull still. I would say the whole discretionary aspect at the entry price point, the target segment of consumer is yet to see the whole thing panning out, but early signs are very good and we are very positive about Q3 and Q4 shaping up.” Well, the festive season this time is falling in Q3 versus Q2 that we had seen last year. But so far, given that we are halfway through the festive season, what is the demand looking like? Are you seeing that festive cheer and festive mood in the consumer sentiment as well?
Yes, from last year, the start period had shifted to Q3 and so the first 15 days were slightly slower and even gold prices have become volatile because of the geopolitical situation outside India.

But things have settled down since then and we see a good demand coming up towards the second half of October and beginning of November.
The mid premium, premium, high value segments are showing very good traction, good demand and growth rates are very high in those segments.

The growth in consumer numbers is also high. Entry level demand is a little bit dull still.