Titan Company Limited's (Titan) consolidated revenue (including other operating income) declined by 3.6% to Rs. 4,711.6 crore. Revenue growth during January-February stood at 16% (driven by 16.5% growth in the jewellery business). Despite the decline in revenue, consolidated gross margin improved by 255 bps, led by higher studded ratio and lowering of customer discounts. The lockdown had a significant impact on the company's store fundamentals. April witnessed a complete washout, while gradual opening of stores led to 10-15% of sales in May. Post the easing of lockdown norms, 85% of Tanishq...