Synopsis
Titan Company Limited, an Indian listed entity, is primarily engaged in the manufacturing and selling of jewellery and has also penetrated into segments such as watches, eyewear, sarees, Indian wear and accessories & products. As of the end of Q1 FY23, it had 2,303 stores with a total retail area of more than 2.9 million sqft under operations, with a presence in 366 towns, 10 manufacturing and assembly facilities and around 9,500 employees.
With post-pandemic economic recovery in full swing, the performance of Titan Company Limited witnessed a sharp improvement. The company has some aggressive expansion plans that cover the domestic and international markets, and an aim to have 700 stores over the next couple of years. How will this expansion pan out for shareholders?Gold, silver, diamonds and similar other precious ornaments generally reward the holder with a return closer to
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