Business
Titan Profit Surges 63%
Jewellery sales skyrocket 43% to Rs 18,253 crore
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Brokerages including Citi, Emkay, Motilal Oswal, and JPMorgan raised Titan's target price to ₹5,700-₹6,000 after Q1 results, with Citi maintaining a Buy rating.
Story published. Jewellery sales skyrocket 43% to Rs 18,253 crore
Titan's June quarter profit surged 63% YoY. The company's June quarter income is up 40% YoY. Titan's consolidated income reached around Rs 20,753 crore, while revenue from operations reached Rs 20,787 crore. The company's net profit reached Rs 1,777 crore. Jewellery sales, excluding bullion, rose by 43% to Rs 18,253 crore.
