New Delhi, Nov. 5 -- Titan, the Tata Group's jewellery-to-eyewear company, announced its September-quarter performance today, reporting a 113% year-on-year (YoY) jump in consolidated net profit to Rs.2,393 crore, boosted by a one-time gain and resilient demand for higher-margin diamond-studded jewellery. The watches segment also remained a key growth driver.

In the corresponding quarter last year, the company had reported a net profit of Rs.1,054 crore. On a sequential basis, net profit also improved from Rs.1,777 crore reported in the June quarter.

Excluding a one-time gain of Rs.671 crore from the revaluation of a financial liability, profit rose 54% YoY to Rs.1,722 crore.

On the top line, the company reported consolidated revenue fr...