In an interview with CNBC-TV18, S Subramaniam, CFO of Titan Company spoke about the latest happenings in his company and sector.
We do have visible visibility in terms of the economic situation. We should grow at more than 7 percent for the next ten-fifteen years, he said. According to him, company has been a consistent performer over a few decades.
Trend towards consumer discretionary spend is increasing. I don’t think gold will be out of fashion for quite some time in India, he added.
We want to strengthen on eyewear and we are also exploring in the discretionary space, said Subramaniam.
We should be fairly optimistic of the future, he further mentioned. We are expecting to grow our jewellery business 2.5 times in the next five years, he said.
Speaking about the biggest challenge, he mentioned that if there is significant volatility in gold, it might hamper the growth in the industry for some time.
The company is focused on gaining market share going ahead.For full interview, watch accompanying video...