Company has not witnessed a major impact on its watch business and expects jewellery business to increase
According to Subbu Subramaniam, CFO, Titan Company Ltd, rise in gold prices or fear of coronavirus has not affected its watch business.
He feels people will go on buying gold because of the upcoming wedding season and thereby demand for gold will continue to rise.
The company expects to maintain 11-13% growth in the jewellery business in March. Gold prices have increased by 9% in 2020.
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