Surging gold prices take sheen off Indian jewellery maker Titan’s profit

By VarunVyas Hebbalalu India’s Tata Group-owned Titan Co reported a lower-than-expected quarterly profit on Wednesday as its mainstay jewellery segment was hurt due to surging gold prices, which pushed up costs and eroded margins. Titan, which owns the Tanishq jewellery brand, said its first-quarter profit fell more than 2% to 7.77 billion… Continue reading Surging gold prices take sheen off Indian jewellery maker Titan’s profit

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