Positive on Titan, expect market share gains going ahead: Edelweiss

Titan Company shines in trade, up over 15% on the back of its Q2 earnings beating estimates.

In an interview to CNBC-TV18, Abneesh Roy, Senior Vice President of Edelweiss Securities decoded the earnings.

We remain quite positive on Titan, it remains among our top picks in consumption space, he said.

We expect market share gains to continue for Titan in the main jewellery business aided by goods and services tax (GST) and demonetisation, he added.

Margin growth in watches and jewellery segments is a positive, said Roy.

Sense an upside risk to Titan’s valuations, he further mentioned.

For full interview, watch accompanying video...