Titan Profit Soars 63% on Strong Indian Gold Jewellery Demand

India's leading jewellery retailer, Titan, announced a 63% increase in quarterly profit to 17.77 billion rupees ($186.64 million) for Q1 ended June 30. This surge was fueled by strong consumer demand for gold jewellery and coins, alongside increased store footfalls. Sales rose significantly to 207.87 billion rupees, as customers increasingly chose large chains like Tanishq. Continued strong demand from major gold-consuming nations like India could provide underlying support for international gold prices, potentially influencing local Pakistani gold rates.

بحوالہ / Source: www.brecorder.com