Titan slips 4%, nears 52-week low on margin disappointments in Q2

Quick Summary:

Titan said the custom duty reduction saw a revival in consumer interest as gold prices cooled off temporarily.

Titan, with its superior competitive positioning (in sourcing, studded ratio, youth-centric focus, and reinvestment strategy), has continued to outperform other branded players.

The company added that buyer growth was healthy during the period, and accompanied by an increase in average selling prices, with both exhibiting double-digit growths.

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Article Details

Category: BusinessFinance

Markets: IndiaMali

Topics: Zoya Markets Mia Tanishq Jewellery business Caratlane Q2 Titan Company share price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 10:19:51 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 671 words

Reading Time: 4 minutes read

Sentences: 33 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23441494

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