Скачать или смотреть Titan Cuts Franchisee Commissions For FY24, Says Kotak, CLSA Maintains 'Buy' Call On Titan

Titan has reduced franchisee incentives for Tanishq stores from Q1 FY24, according to checks conducted by Kotak Institutional Equities. This indicates management's focus on expanding jewellery EBIT margins or defending margins in the event of any rise in competitive intensity, according to Kotak's analysts.

Meanwhile, CLSA has maintained buy call on Titan stocks.

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