Titan: 35 New Jewelry Stores, Is Gold Still Shining in India?

It seems some aren't afraid to go big, even when the global economy is a bit shaky. Ashok Sonthalia, Titan's CFO, unveiled ambitious plans. The company aims to add a substantial 35 flagship Tanishq stores within the next one to two years.

This move signals unwavering confidence in the Indian luxury goods market. Tanishq is Titan's flagship jewelry brand, so this expansion is no small feat. The CFO shared these details during an interview with Paul Allen on Bloomberg's Insight with Haslinda Amin, outlining a clear growth strategy.

Gold demand in India, as we know, is almost a religion. But how is it really doing, with all the economic uncertainties and import duties? Sonthalia extensively discussed these trends.

Despite India's higher gold import duty, demand appears to be holding strong. It seems gold still has its undeniable appeal, and Indian consumers aren't easily deterred. Titan is not only expanding its network but also looking optimistically at its margin outlook, a clear sign that business is thriving.