Titan Eyes 20 Percent Annual Growth on Gold Demand
Titan expects annual revenue to grow up to 20 percent over five years. The jeweler reported record annual sales of 750 billion rupees amid rising gold prices.
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TITAN SA expects annual revenue to grow 15% to 20% over the next five years, driven by resilient demand in India. The forecast follows a 48% jump in total sales to 206.07 billion rupees ($2.18 billion) for the fourth quarter. Large branded chains are capturing market share from independent stores as the affluent population in India expands.
