Ashok Sonthalia: Jewellery Margin's Significant Impact On Overall Company Margin

Ashok Sonthalia, the CFO of Titan, commented on the Q4 margin decline, acknowledging challenges while highlighting the company's strong performance on the growth front. He noted that despite obstacles, the company managed to navigate them successfully. Sonthalia emphasized that the decline in jewellery margin significantly impacted the overall company margin, attributing it to several factors. Firstly, he pointed out the substantial influence of gold prices, which experienced a significant surge during the fourth quarter and the preceding financial year, adversely affecting consumer sentiment. Additionally, he highlighted the competitive landscape in the jewellery market, noting the aggressive expansion efforts of existing players and the entry of new competitors into the segment.