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Brokerages remain bullish on Titan Company, despite an increase in compliance cost — the latest being an application of the Prevention of Money Laundering Act (PMLA) to the gems and jewellery sector.
Analysts believe the company would benefit from a transition to the organised sector from the unorganised one, besides higher volumes from key segments such as wedding jewellery.
Aided by a gold exchange scheme and the shift to organised players, the company was able to post a revenue growth of15 per cent in FY17, against a flat figure for the jewellery sector. Given the strong growth and market share
