Titan is planning to open 30-35 stores this year, said S Subramaniam, CFO of the company, adding that the firm is confident that the market will bounce back.
“The industry is not in a great shape because of the financial stress that most jewellers are in. So this is possibly the time for us to act with agility and we are aggressive on the market,” said Subramaniam in an interview with CNBC-TV18.
On business, he said the company will have a strong focus on studded jewellery over the next 2-3 quarters. “We are looking at getting studded jewellery share back to earlier levels,” he added.
According to him, eyewear and watches will do well during the festive season.
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