Customers look at gold bangles at a jewelry store in Zaveri Bazaar in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Titan Looks To Expand Market Share Despite Slump In Jewellery Business

Titan Company Ltd. is confident of expanding its market share in the jewellery business even as the industry is struggling with liquidity squeeze and higher gold prices, its Chief Financial Officer Subbu Subramaniam told BloombergQuint in an interview.

“It's a tough market but, I think we are holding on to our growth,” Subramaniam said, adding that the market-share gains and the tailwinds from the regulatory interventions have helped the company sustain its growth trajectory. “We are planning to grow despite a slowdown in the industry.”

Subramaniam expects the upcoming wedding season to boost the sales in the jewellery business. Wedding jewellery, he said, would contribute 60 percent to the overall jewellery demand in India.

Other Highlights

  • Looks to get into distribution in certain areas like eyewear.
  • Says brand metrics on Tanishq, FastTrack, Sonata, Titan have been good.

Also read: BQEdge | Is It The Right Time To Make A Move On Titan?

Watch the full interview here: