Despite muted market sentiments, Titan's jewellery sales back on track

The company has gained market share on the back of new launches and expansion in jewellery segment

Despite the muted market sentiment, the Titan Company stock gained over 5 per cent in two trading sessions on expectations of a pick-up in the jewellery segment sales in the September quarter. The company had reported 6 per cent sales growth for the jewellery segment in the June quarter, the lowest in about eight quarters. The management, in a quarterly update, indicated it has recorded strong sales on the back of new product launches and studded diamond sales. The company managed to gain market share despite the overall muted demand and headwinds such as higher gold prices, a decline in