Titan Company experienced a 15% profit decline in Q2. The company attributes this to losses from a customs duty drop on gold. Despite this, Titan saw strong sales growth in its jewellery and watches segments. The company remains optimistic about the future, particularly the upcoming festive season. Titan is also closely watching the lab-grown diamond market and formulating its strategy.
Bright growth outlook for H2, but new risks seen in FY26: Finance Ministry
In its economic review for November, the ministry also said the “combination of monetary policy stance and macro-prudential measures by the central bank may have
December 27, 2024