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    Titan Q2 results: Net profit spikes 270% to Rs 641 crore, revenue up 78% to Rs 6,977 crore

    Titan Q2 results: Net profit spikes 270% to Rs 641 crore, revenue up 78% to Rs 6,977 crore

    Titan Q2 results: Net profit spikes 270% to Rs 641 crore, revenue up 78% to Rs 6,977 crore
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    By CNBC-TV18  IST (Updated)

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    Titan Company Ltd posted a 200 percent increase in its consolidated net profit to Rs 641 crore for the second quarter ended September 30, 2021.

    Tata Group firm Titan Company Ltd on Wednesday posted a 270 percent increase in its consolidated net profit to Rs 641 crore for the second quarter ended September 30, 2021. In the corresponding quarter last year, the company posted a net profit of Rs Rs 199 crore.
    Riding on the strong recovery in demand across its consumer businesses, Titan's revenue from operations at Rs 6,977 crore in Q2 FY22 witnessed a growth of 78 percent compared to Rs 3,927 crore in Q2 FY21 (excluding bullion sales in both years).
    YoY growth, on a moderately benign quarter with low footfalls of the pandemic last year, was driven by healthy growth in all business segments with jewellery clocking 77 percent, watches & wearables at 72 percent and eyewear seeing 70 percent growth, respectively.
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    The results came after the close of the market hours. Shares of Titan Company Ltd ended at Rs 2,460.35, up by Rs 3.55, or 0.14 percent on the BSE.
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