Titan Bets On Double-Digit Jewellery Buyer Growth; Watches Revival Gains Pace: MD, Ajoy Chawla

Ajoy Chawla, MD of Titan tells NDTV Profit that strong studded jewellery sales helped drive margin expansion, with the segment delivering healthy growth over the past four quarters. While investment-led demand for gold, including coins and biscuits, remains muted, demand for gold jewellery continues to be robust. Chawla said gold prices have stabilised after a recent correction, though Dhanteras sales trends remain uncertain and could significantly influence quarterly performance. He also highlighted a strong showing in the watches business, driven by premiumisation across price segments, and expects double-digit buyer growth in the jewellery business.