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Titan defers launch of jewellery collections, expects demand to be muted

Company says Covid-19 situation to adversely affect profitability during the first half of this year

Titan, Titan watch, titan jewellery, Titan q2
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The sales in stores that have opened up are at around 50 per cent of that in normal period, but the situation is improving gradually

Samreen Ahmad Bengaluru
Due to the lockdowns and restrictions imposed on economic activities to prevent Covid-19 spread, jewellery-to-watches maker Titan has deferred the launch of two of its jewellery collections till a time that most of the stores are re-opened.

While the company has opened around 43 per cent of its stores across all businesses till date, all the mall stores continue to be closed, said the Bengaluru-headquartered company in a BSE filing on Tuesday. “Based on representations being made by various industry associations, the company is hopeful that malls will also be opened in the next few weeks in non-containment zones along

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