The constant depreciation of the rupee against the dollar has put the country's largest jewellery manufacturer in a fix. According to Titan Industries' managing director, Bhaskar Bhat, the sharp drop in the rupee and the recent curb on gold imports has started to impact business. Till now, the company was able to pass through the rising raw material costs in the jewellery and watches segment but that too, seem to have run its course. The increased prices has affected consumer sentiments and put margins under pressure.
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Recent Regulatory Development on Gold Imports: Transcript of Management Discussion with Mr Bhaskar Bhat - CEO, Mr S Subramanium - CFO and Mr C.K.Venkataraman - CEO Jewelery. Moderated by Pratik Bavishi, Analyst, Tata Securities Limited