InvestorQ : What explains the smart performance of Titan in the Mar-21 quarter?
indhumathi Sayani made post

What explains the smart performance of Titan in the Mar-21 quarter?

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8 months ago
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Titan, part of the Tata group, has reported 48% rise in net profits at Rs.529 crore on a standalone basis for the Mar-21 quarter. Top line revenues were up by a whopping 61% at Rs.7,135 crore, but this could be largely because of the base effect as retail outlets were either shut or operated at only partial capacity in the Mar-20 quarter.

For the fiscal year, Titan has also recommended a final dividend of Rs.4 per share. The growth of Titan numbers was led by traction displayed by the jewellery retailing segment. With pent up demand taking off in the festival season in this year, the gold and jewellery demand drove the numbers even as eyewear and watches also contributed positively.

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