Titan Q1 Net Profit Soars 62.8% to Rs 1,777 Cr

New Delhi: Leading jewellery and watchmaker Titan Company Ltd on Friday reported a 62.87 per cent rise in consolidated net profit to Rs 1,777 crore for the June quarter of FY27, led by jewellery business.

The company had posted a net profit of Rs 1,091 crore in the April-June period a year ago, according to a regulatory filing.

Its sales were up 40.31 per cent year-on-year at Rs 20,787 crore in the June quarter of FY27, from Rs 14,814 crore in the corresponding quarter a year ago.

Total expenses of Titan increased 26 per cent YoY to Rs 19,075 crore in the June quarter.

Its Jewellery business, which contributes around 90 per cent of the business, was up 29.73 per cent to 19,002 crore in Q1 FY27, compared to Rs 14,647 crore in the corresponding quarter of the preceding fiscal.

Titan’s total consolidated income increased 29.3 per cent to Rs 21,502 crore in the quarter under review.

Shares of Titan Company Ltd on Friday settled at Rs 4,943 apiece, down 0.82 per cent, on the BSE.

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