Titan Company Ltd.

Titan Company is expecting its businesses to be hit ‘very substantially’ in the current financial year due to disruptions caused by COVID-19 pandemic. The company’s focus during 2020-21 will be on cash flows and optimising spends to ensure liquidity. The company expects the economy to shrink and tight regulations on operations of stores to continue for some time.

However, it also expects customers to spend relatively more on jewellery compared to other discretionary spends as gold jewellery continues to be a valuable store of value.

Titan Company is an Indian designer and manufacturer of watches, jewellery, precision engineering components and other accessories including sunglasses, wallets, bags and belts.