Intrinsic opportunity for jewellery business very strong: CK Venkataraman, Titan Company

economictimes.indiatimes.com:

«Actually, the intrinsic opportunity for the jewellery business of Titan is very-very strong. And I think post the election, there will be a certain stable demand as well,» says CK Venkataraman, MD, Titan Company.

If I put the numbers in perspective for our viewers and looking at what brokerages have said, brokerages are of the view that for Titan it is an okay quarter, it is not like a grand quarter. Perhaps, they were expecting a bit more. They are of the view that gold prices and competition has increased which in a sense was the problem point for Titan for the quarter gone by and could linger along for next couple of quarters. Is that true?
Actually, we have certainly been investing a fair amount in growth. Growth has been our focus mantra for a while. And yes, the kind of sales growth that the quarters saw and what was announced also a few weeks back, the margin growth, I guess was not in line with that expectation.

We heard it on the call. We saw it in the reports. But we also shared on the call that our focus continues to remain and yes, margin pressure does come because of competition, because of general consumer sentiment where we have to woo customers to overcome their reservations in a sense, whether it is gold price or general share of wallet and all that.

Unlock Leadership Excellence with a Range of CXO Courses