Q2FY20 revenue rose 2.1% YoY to Rs. 4,662cr vs. 4,567cr in Q2FY19. Although the Jewellery business saw a subdued performance (revenue +0.1% YoY to Rs. 3,649cr), impacted by sudden increase in gold prices, the segment continued to gain market share with +7.2% YoY in 1H20. Revenue from the Watches segment increased 6.1% YoY to Rs. 720cr, yet the segment remained largely under pressure specially the EOB channel, world of titan and FastTrack struggled to perform. Eyewear revenue surged 28.5% YoY to Rs. 154cr on strong retail growth. Margin declines sharply in watches while flat in jewellery...