Bhaskar Bhat, Managing Director, Titan Industries in conversation with Harsha Subramaniam of Bloomberg TV India
13-Aug-2013 •Research Desk
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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