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Business News/ Companies / Company Results/  Titan Company Q1: Net profit rises 10.8% in June quarter
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Titan Company Q1: Net profit rises 10.8% in June quarter

Total expenses were at ₹4,687.47 crore, up 16.60%
  • Shares of the company settled at ₹1,038.05 on the BSE, up 0.12%
  • Revenue from the eyewear segment was ₹148.78 crore, up 13.08%.Premium
    Revenue from the eyewear segment was 148.78 crore, up 13.08%.

    New Delhi: Tata Group firm Titan Company Ltd on Tuesday reported a 10.84% rise in consolidated net profit to 363.74 crore for the the first quarter ended on 30 June.

    The company had reported a net profit of 328.15 crore in the June 2018 quarter, Titan said in a regulatory filing.

    Its net sales rose to 5,095.10 crore, a rise of 15.62% as against 4,406.57 crore in the corresponding quarter of previous financial year.

    Total expenses were at 4,687.47 crore as compared with 4,019.79 crore, up 16.60%.

    Titan's revenue from the watches segment was up 20.10% to 716.11 crore, against 596.26 crore a year ago.

    While jewellery was at 4,164.10 crore, up 14.31% as against 3,642.59 crore of the corresponding quarter.

    Revenue from the eyewear segment was 148.78 crore, up 13.08% as against 131.57 crore.

    Shares of Titan Company Ltd on Tuesday settled at 1,038.05 on the BSE, up 0.12% from the previous close.

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    This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

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    Published: 06 Aug 2019, 05:39 PM IST
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