Revenue growth, however, could stabilise once recovery picks up
In a quarterly update earlier this month, the company highlighted that Q2 was on a par with the year-ago period, led by improving walk-ins.
Listen to the Podcast to know about the much talked about Tanishq ad controversy, which has attracted criticism as well as support from across the country
Here's a selection of Business Standard opinion pieces for the day
Tatas should have stayed firm on the Tanishq ad
There are lessons in the controversy; brand should have held its ground: Analysts
Margins would, however, continue to be muted on lower studded ornament sales and discounts
The Company's return to normalcy on the business front has been progressing well, Titan said
Kalyan Jewellers India Ltd. said Monday it plans to raise as much as Rs 17.5 billion ($235 million) through a public listing as it banks on the long-term appeal of gold
The watchs segment saw 89% decline in revenue for Q1
Titan reported a 62.3 per cent year-on-year decline in revenue in Q1 at Rs 1,862 crore
All that happened in the markets today
For the April-June quarter, Titan Company posted a pre-tax loss of Rs 335 crore.
It had reported a profit-before-tax of Rs 523 crore in the corresponding quarter of previous fiscal
TITAN, after the breakout from a consolidation range, is gradually inching higher while holding strongly above the support zone of the long term moving average( 200 EMA) on the daily chart
The international portfolio currently generates around 10 per cent of the revenue in the watches division for the Bengaluru-headquartered company
TITAN has been trading within 940-1030 zone for almost one and a half months, taking a pause after a sharp rebound
His stake in Tata Group-owned watch and jewellery maker - Titan Company - and tractor-maker Escorts remained unchanged.
Muted demand for high-value studded products a major concern
All that happened in the markets today