Lifestyle accessories major Titan's near-term margin headwinds on watch

Watch and jewellery maker prioritising sourcing, pricing, product innovation, and operational efficiencies

There could be near-term margin pressures for lifestyle accessories major Titan Company. Even as the company maintains its growth outlook over the medium term, it has revised its margin guidance for the jewellery segment downwards. The company has adjusted its medium-term margin guidance to 12 per cent from the previous range of 12-13 per cent.

The company, which closed 2023-24 (FY24) with a margin of 10.6 per cent, has indicated near-term pressure on margins due to the rise in competitive intensity and an increase in gold prices.

In addition to these factors, profitability in its core jewellery business will be