Titan Q1 Results: Net profit jumps 63% to Rs.1,777 crore on steady jewellery demand; revenue rises 40%
New Delhi, Aug. 7 -- Titan, Tata Group's jewellery-to-eyewear brand, announced its June-quarter performance today, reporting a 63% year-on-year (YoY) jump in consolidated net profit to Rs.1,777 crore, driven by steady demand across its key business segments.
The company's consolidated revenue from operations stood at Rs.20,787 crore during the reporting quarter, registering a 40% YoY increase from Rs.14,814 crore in the corresponding quarter last year.
The jewellery segment, which accounts for over 80% of the company's revenue, recorded a growth of 43% YoY to Rs.18,253 crore (excluding bullion and digi-gold sales), driven by healthy growth in its India business.
Tanishq, Mia, and Zoya together recorded a 38% growth to Rs.16,943 crore, ...
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