Titan Company Limited CC-May26.pdf · 2026-05-08
Yes, thanks a lot for the opportunity, Sir. So, just have one question on the margin. So, we have seen margin slightly coming down, obviously, because of the prices going up. And you also have to offer promotions, discounts to the customer. Now, as you mentioned that Q1, Q2 prices will be high. But beyond that, if prices remain at the current level, would we expect the discounts, promotions to now start coming down and therefore, in a flattish gold price environment, your margins could be better?
Okay. But just to further persist on this point that if at all the gold prices remain stable, do you think there is any possibility of improvement either from the point of view of also mix or maybe whatever activations we may be doing to increase customer intensity?