Titan Expects Jewelry Margins to Improve Despite Gold Price Surge

According to the analysis by Antique Stock Broking, Titan Company Limited is poised to see a steady improvement in its jewelry business performance over the next three years. The brokerage firm expects Titan's jewelry revenue to grow at a compounded annual rate of 19% during this period, driven by the company's strong brand, execution, and expansion of its store network.

While Titan's gross margins are likely to face pressure in the second quarter of 2025 due to a surge in gold prices, the brokerage remains confident that the company's jewelry segment will be able to partially offset this impact. The analysts note that the steady growth in Titan's studded jewelry offerings, as well as an incremental improvement in the profitability of its watches segment, should help ease the margin pain.