According to sources from Titan Company Ltd its Chief Financial Officer Subbu Subramaniam told Bloomberg Quint in an interview confident of expanding its market share in the jewelry business even as the industry is struggling with liquidity squeeze and higher gold prices.
Subramaniam said “It's a tough market but, I think we are holding on to our growth,” and also adding that the market share gains and the tailwinds from the regulatory interventions have helped the company sustain its growth trajectory. “We are planning to grow despite a slowdown in the industry.”
Moreover Subramaniam expects the upcoming wedding season to boost the sales in the jewelry business. Wedding jewelry, he said, would contribute 60 percent to the overall jewlery demand in India.