As guided by the management in its pre-quarterly update, Titan reported moderate overall revenue growth of 15.7% YoY to | 5151.1 crore (well below their internal target of 20% growth). A significant surge in gold prices, weak consumer sentiments dented demand for the jewellery space (mainly in June). With the jewellery division reporting revenue growth of 14% in Q1FY20 and a muted Q2FY20, the company may fall short of achieving the 22% growth guidance for FY20. However, the management expects festive demand and green shoots to drive revenue growth from H2FY20 onwards....