technology

Titan CFO Discusses Expansion Plans and Gold Demand Trends

11 Ağustos 2026Bllomberg

Titan CFO Ashok Sonthalia announced plans to open 35 new flagship Tanishq stores within the next one to two years. In an interview, he addressed current demand trends for gold, the effects of India's increased gold import duties, and the company's margin outlook.
This expansion reflects Titan's confidence in the jewelry market despite regulatory challenges.
Titan, a leading player in the Indian jewelry market, is responding to both consumer demand and regulatory changes that affect gold imports. The company's proactive approach in expanding its retail footprint suggests a robust growth strategy amidst fluctuating market conditions.
The decision to expand Tanishq stores indicates Titan's strategic positioning in a competitive market. By navigating the complexities of higher import duties, the company aims to bolster its market share and enhance customer accessibility.

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This article is based on an interview and reflects the opinions of Titan's CFO, which may not represent the views of all stakeholders.