Full Year 2020 Titan Company Ltd Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Kunal Vora - BNP Paribas, Research Division - Analyst : On -- my question again is on margins. Working margins were very impressive. How should we think about gross margins going forward? Like my understanding was that high gold price would adversely impact the gross margin, where you mentioned it actually helped margins. So also that should be factoring some margin pressure because of higher competition from unorganized lower studded ratio and slightly higher gold coin price. Just -- can you talk on margin?

Question: Kunal Vora - BNP Paribas, Research Division - Analyst : Just continuing on the studded part. So on -- what are the trends you're observing in diamond industry? Are the prices on diamonds holding up? How are the prices of lab-created diamond trending? And is that becoming a threat for your diamond business? Or maybe it's still -- it's not really meaningful? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JUNE 09, 2020 / 5:30AM, TITN.NS - Full Year 2020 Titan Company Ltd Earnings Call

Question: Harit Kapoor - Investec Bank plc, Research Division - Analyst : I just have one question on the jewelry bit. Just wanted to get your sense on what has been the -- I know you said that you envisage a higher competitive intensity. But in terms of -- in the current context, your competition, smaller stores, have you seen them also open at the same pace that you have been able to open it? And the second question to that is, do you see a permanent disruption of smaller competition in the current context? So do you see them still surviving in some form or the other? That's it from me.