INSUBCONTINENT EXCLUSIVE:
Titan Company on Friday reported a 2.85 per cent year-on-year rise in standalone net profit at Rs 314.38 crore for the quarter ended
It had posted a net profit of Rs 305.64 crore in the same quarter last year.
An analyst poll at ETNow had projected a net profit of Rs 359
crore.
Total income increased 26.38 per cent YoY to Rs 4,433.62 crore during the quarter under review as against Rs 3,508.04 crore in the
same period last year.
Standalone profit before tax for Q2 FY19 stood at Rs 446 crore as against Rs 425 crore a year ago, registering a
investments made as part of treasury operations in inter corporate deposits in the ILFS group and certain one-time franchisee compensations
compared to Rs 2,788 crore last year
The business grew by 29 per cent over last year in Q2
The income from watches business recorded healthy growth for the quarter at Rs 676 crore against Rs 576 crore in the previous year, a growth
said.
Bhaskar Bhat, Managing Director, in a release said, "The company has done well across all its businesses in the second quarter,
delivering 26 per cent growth over last year
The jewellery business picked up this quarter after a soft first quarter and the watches business had one of its best quarters with an
extremely healthy growth in bottom line for the first half
