 "Titan Industries Q1 net up 16.88% to Rs 182.48 cr")
The operating profit went up 15.36% to Rs 230.32 crore from Rs 199.64 crore in the corresponding quarter last fiscal.
The net sales for the quarter went up 42% to Rs 3,087.79 crore as against Rs 2,174.74 crore in the first quarter of last fiscal.
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The fall in gold prices at the end of the quarter, has had an adverse impact of Rs 34 crore on the consumption of gold as well as the results for the quarter.
During the quarter, the watch division recorded 11.35% rise in net sales at Rs 402 crore, while the jewellery division sales grew 47% to Rs 2,614 crore.
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