Quarterly Results: Titan Company Ltd
Bhagyashree Vivarekar / 07 Feb 2017
The company's stock opened for trading at Rs 393.45 on the BSE, fell 0.13 per cent and closed at Rs 393.95. The company reported PAT of Rs 256.18 crore.
Titan Company Ltd reported its results for the quarter ended December 31, 2016.
The company's total sales for Q3FY17 were Rs 3,925.95 crore, which represents a 46.72 per cent sequential increase and 14.38 per cent YoY increase.
Its operating profit (EBIT) for the quarter was Rs 346.59 crore, while its EBIT margin was 8.83 per cent.
The company reported PAT of Rs 256.18 crore, which represents a sequential QoQ increase of 40.08 per cent and a YoY increase of 13.28 per cent.
The company's stock opened for trading at Rs 393.45 on the BSE, fell 0.13 per cent and closed at Rs 393.95.
Titan Company Ltd belongs to the Tata Group and is engaged in the manufacture of watches. The company's operating segment includes watches, jewellery and others. The company's brands are Titan, Sonata, Fastrack, Xylys, Titan Eye+, Tanishq and Goldplus.
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