InvestorQ : How do you the Titan quarterly number for Jun-21 quarter?
Anamika Sodhani made post

How do you the Titan quarterly number for Jun-21 quarter?

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Angel dcosta answered.
4 months ago
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Titan reported net profits of Rs.18 crore for the Jun-21 quarter marking a turnaround from reporting a net loss of Rs.297 crore in the Jun-20 quarter. June 2020 was an exceptional quarter as the COVID cases were at their peak and hence there was no option but to keep its retail operations shut. Total revenues were up nearly 75% at Rs.3,519 crore in the Jun-21 quarter, but that was largely on a small base.

Despite the threat of COVID 2.0 and its disruptive impact on business, Titan has confirmed that its jewellery division was gaining good traction. This was more so in terms of new customers and its customer base had already touched pre-pandemic levels. This means that people are finally flocking back to the stores. Revenues of jewellery division more than doubled to Rs.2,467 crore.

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