Expect 25% growth in jewellery division: Titan

In an interview with CNBC-TV18, Subbu Subramaniam, CFO of Titan spoke about the results and his outlook for the company.

The retail growth of 15 percent is in-line with the growth expectations and it is a good performance, he said.

We are quite happy and pleased with how we have performed, he added.

We are still looking at a 25 percent growth in the jewellery division. For the jewellery division, our estimate or our guidance stands intact. We expect to do very well this year, said Subramaniam.

Speaking of online sales, he said that it contributes 10 percent of our volumes in India. Fastrack has been doing well in online sales, it has grown 26 percent this quarter.

We are on the path to achieve 15 percent margin in watches division, he further mentioned.

For full interview, watch accompanying video...