![]() ![]() The company's retail chain (including Caratlane) has 2,303 stores across 366 towns with an area exceeding 2.9 million square feet as of June 2022. Titan added a net of 125 stores during the year.Titan's jewellery business registered an income of Rs 76 bn compared with Rs 24.7 bn in the year-ago quarter, up 208% YoY riding on a good Akshaya Tritiya sales and a better studded mix compared to the same quarter previous year.Revenues were strong amid a strong festive demand in a near normal Q1 that came after a gap of two Covid disrupted periods. This is Titan's second-best quarterly revenue.The company's total revenue from operations jumped to Rs 89.6 bn as compared to Rs 32.5 bn a year ago.Net profit was 13 times higher at Rs 7.9 bn compared to Rs 0.6 bn net profit reported in the same quarter last year. Titan Company's profit jumped multifold owing to strong business performance across all the business segments.Here are five key takeaways from Titan's Q1 results. Well, Titan as usual didn't disappoint and posted stellar set of earnings. One of the strongest Tata group companies, Titan during market hours today reported its Q1 results.Īhead of the results, analysts had projected The Tata group company to report a strong performance in its jewellery unit on account of a low base thanks to festive demand and stability in gold prices. 10 Rules for Successful Long-Term Investing.Your Ultimate Guide to Penny Stock Investing.(Please do not use this option on a public machine)
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