FY12 topline growth to stay at 13%, FY13 may see 25%: Titan

There is a sense on the street that gold prices seem are on a decline mode. Investors looking to buy gold even for personal purposes would now ideally want to wait for gold prices to correct a bit. Talking about its impact, Bhaskar Bhat, Managing Director of Titan Industries said the ongoing wedding season is likely keep the demand intact.

"The volatility is lower than what was seen at the festive season. We have been seeing an improvement in volume sales," Bhat said. Further, he said the company expects to have a better year compared to the last four-five months, going forward. "This year we continue to stay at 13% top-line growth. We are targeting to grow at 30% top-line and 30% bottom-line and should be able to achieve that. In FY13, I expect us to be at about 25% plus top-line for the company," he said. Below is an edited transcript of Bhaskar Bhat's interview to CNBC-TV18. Also watch the accompanying video. Q: Do you think investors waiting out for gold prices to correct will have an impact in the near-term on a longer term basis? A: It would be less of an impact compared to what happened three months back and over the Diwali period because volatility and high price combined with volatility is what makes consumers most uncertain and not want to invest. Today the volatility is lower, than what was seen at that period. We have been seeing an improvement in volume sales. Volumes growth had dipped but is coming back and beyond festive season the wedding season is on, so I don