Titan’s Long-Term Growth Story To Remain Intact: Kaustubh Pawaskar, Sharekhan
  • WebDesk BTVI
  • Jul 09 2019

Kaustubh Pawaskar, FMCG Analyst at Sharehkan, says there has been a slowdown in demand for jewellery on the back of high gold process. Asked about outlook for Titan Jewellery, he expects the company to do well in terms of business going ahead, but adds that the margin downside will likely have impact on overall growth of Titan. While he expects subdued performance from Titan in next 2 quarters, he recommends ‘Buy’ for the stock at current valuation.