Premium and luxury segments becoming more prominent in India: Titan CFO

Sonthalia says that the company is aiming for margin optimisation through cost control and growth through international expansion and product diversification

Titan Company is anticipating continued dominance in the jewellery sector due to its substantial size. Chief Financial Officer Ashok Sonthalia tells Aneeka Chatterjee in a video interview that the company is aiming for margin optimisation through cost control and growth through international expansion and product diversification. Edited excerpts:

Which business segments will drive growth in the coming quarters?
 

The size of each business is different. Jewellery is the largest industry with Rs 5 lakh crore vis-a-vis watches or eye care, which would be around Rs 10,000 or Rs 20,000 crore. Jewellery will continue to be the primary driver