"Total income has increased to Rs 2,729.08 crore for the quarter under review, from Rs 2,069.62 crore for the same quarter year ago," the company said in a regulatory filing.
Raising money won't be a problem for Titan Industries because of its strong balance sheet, but interest fee will go up because everyone will now have to pay upfront for gold. Jewellery EBIT margins is not expected to be hit much as Titan is looking to hedge since it is selling gold forward