Titan Company Reports Significant Q1 Growth

In an impressive financial showcase, Titan Company has announced a 52.5% year-on-year increase in net profit, reaching Rs 1,091 crore for the June quarter. This remarkable growth is attributed to the robust performances in its jewelry and watches businesses, even amidst the challenges posed by elevated gold prices.

Revenue and EBIT Margins Show Positive Trends

The Tata group firm's revenue saw a 24% rise to Rs 16,628 crore in the same period, marking a sequential increase of about 11% from the previous quarter's Rs 15,032 crore. Furthermore, the company's EBIT margins expanded significantly to 11.7% from 9.7% a year ago, underscoring its operational efficiency and market strength.