Titan Q2 misses estimates, profit rises 1.8% on weak jewellery biz

Titan Company reported a muted set of numbers for the quarter ended September 2019. Profit grew 1.8 percent at Rs 320.2 crore on the back of subdued growth in the jewellery business which contributes 80 percent to revenue. Profit in September quarter 2018 stood at Rs 314.4 crore. Revenue during the quarter grew by 0.6 percent year-on-year to … Read more Titan Q2 misses estimates, profit rises 1.8% on weak jewellery biz

Titan sees jewellery sales rising more than 25% in fiscal 2017-18

In the first half of 2017/18, Titan’s jewellery sale surged 47% to Rs61 billion. Photo: Pradeep Gaur/Mint Mumbai: India’s biggest-listed jeweller Titan Co. expects jewellery sales to leap more than a quarter this fiscal year as tighter rules on cash flows and a new sales tax hurt the mom-and-pop firms that dominate the business, a senior … Read more Titan sees jewellery sales rising more than 25% in fiscal 2017-18

Titan: jewellery glitters in the face of demonetisation

Titan Co. Ltd’s jewellery revenue for the December quarter was expected to be rather lacklustre given the demonetisation impact. Clearly, 15.4% revenue growth in jewellery business, which contributed a lion’s share of the company’s overall revenue, is nothing to complain about. That’s despite the adverse impact post-demonetisation. Moreover, the December 2015 quarter had a high … Read more Titan: jewellery glitters in the face of demonetisation

Titan net up 24% to Rs 181 cr on improved jewellery sales

Watches and jewellery maker Titan Company on Friday said second quarter profits rose 23.5 per cent to Rs 180.76 crore as it saw sales increase for its higher margin jewellery during the festive season. Revenue remained flat at Rs 2,675.77 crore. Titan saw its jewellery brand Tanishq grow 39 per cent as it sold more … Read more Titan net up 24% to Rs 181 cr on improved jewellery sales