India's Tata-owned Titan projects 25% revenue rise in Q2 following reduction in gold duty
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 04 2024
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Source: Reuters
Titan Company Revenue Growth: Titan Company anticipates a 25% increase in second-quarter revenue, driven by reduced customs duty on gold imports which has boosted domestic demand for its jewellery products.
Segment Performance: The jewellery segment, including brands like Tanishq and Mia, is expected to grow by 26%, while the watches and wearables segment forecasts a 20% revenue increase.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
