The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Avi Mehta - Macquarie Research - Analyst
: Congratulations on the great performance this quarter. I had just 2 questions. The first one was, in the presentation, you've pointed to a material
beneficial -- material impact of Shradh being delayed from September last year to October in the current year. So 2 sub-questions on that. A, is it
material enough to impact the October sales? And if that is, does it make us reevaluate our expectations for 3Q sales growth?
Question: Avi Mehta - Macquarie Research - Analyst
: That's okay. We can -- I can hear. If it's okay with the operator. We can go ahead.
Question: Avi Mehta - Macquarie Research - Analyst
: Okay, sir. Okay.
Question: Avi Mehta - Macquarie Research - Analyst
: Yes, okay. Fair enough. I understand then what you're saying. Any number for October that you would want to share or that is something that's
too difficult to give us the guidance or give us an understanding of the underlying growth momentum maybe.
Question: Avi Mehta - Macquarie Research - Analyst
: It's very difficult. Okay, sir. I understood then it's not the right -- fair enough, sir. Sir, then the second question is, again, on the jewellery business
only, on the diamond pricing. There has been -- we understand that there has been a sharp correction in diamond prices. A, could you comment
if there is any material impact from this correction on either inventory or margins that you anticipate going forward? That's all from my side for
now.
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NOVEMBER 03, 2023 / 10:00AM, TITN.NS - Q2 2024 Titan Company Ltd Earnings Call
Question: Avi Mehta - Macquarie Research - Analyst
: So would we...
Question: Avi Mehta - Macquarie Research - Analyst
: Okay. And sir, then materiality is not great. Is that the way -- I mean, does it change our expectation of where we were hoping full-year margins to
be? Does that kind of get changed or no? It's not so material to talk about, is what I wanted to kind of appreciate better.
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