Titan Company's (Titan) Q2FY2020 performance was affected by spike in gold prices during June, which affected jewellery sales in July. Consolidated revenue grew by just 2% to Rs. 4,600.7 crore, with revenue of the jewellery business declining by 2%, watches business revenue growing by 6% and eyewear business revenue growing by 28.5%. Revenue of the jewellery business included hedging impact of Rs. 120 crore, as the company purchased gold before spike in prices , which was hedged at lower price. Though customers were billed at transaction day gold rates, which were...