Titan Company is expecting its businesses to be hit "very substantially" in the current financial year due to disruptions caused by COVID-19 pandemic.
The company said its focus during 2020-21 will be on cash flows and optimising spends to ensure liquidity. "The lockdown necessitated by the COVID-19 pandemic is expected to hit the company's businesses very substantially in the financial year 2020-21.
The company expects the economy to shrink, and tight regulations on operations of stores to continue for some time.""Customers can also be expected to be wary of stepping out of their homes for some time.