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Titan Q1 Preview: A tepid quarter on the cards with muted profitability
Titan faced a tepid first quarter amid fewer wedding days, skyrocketing gold prices, and regional competition. Analysts predict a 6% year-on-year increase in net sales for April-June 2024, with a marginal 1% decline in net profit. The jewelry segment's growth was impacted by a surge in gold prices and higher market competition.