Strong Q4 for Titan, profit up by 12%
  • WebDesk BTVI
  • May 09 2019

S Subramaniam, MD, Titan, says all segments performed well, except for watches due to seasonal concerns. He added that there was a strong topline growth in its jewellery and eyewear segments, despite sluggish industrial growth. He also added that provisions for IL&FS exposure led to margin contraction. On expectations from FY20, he said Titan is targetting 20% topline growth in FY20. He added that they are looking to double number of jewellery stores across cities and towns.