INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Titan Company on Friday reported 30.80 per cent YoY rise in standalone profit at Rs 349.20 crore for June quarter, which was
higher than Rs 310 crore projected by analysts in an ETNow poll.
The Tata Group firm had reported Rs 266.91 crore profit in the year-ago
Revenue for the quarter rose to Rs 4,318.85 crore from Rs 4,026.64 crore in the year-ago quarter
Ebitda came in at Rs 495.30 crore compared with ET Now poll estimate of Rs 450 crore
Ebitda margins at 11.6 per cent beat ET Now poll estimate of 10.6 per cent.
The Jewellery division recorded an income growth of 5.6 per
cent in the first quarter
The watches business recorded growth of 14.9 per cent while the eyewear business grew at 16.4 per cent
The Company's other businesses comprising accessories, fragrances and sarees saw 31.5 per cent per cent rise.
Eibitda margin stood at 9.9
per cent in the same quarter last year.
