Titan net jumps 66% to to Rs 568 crore in March quarter on low base

Titan on Thursday reported a 66 per cent year-on-year increase in consolidated net profit to Rs 568 crore for the quarter ended March 31, 2021 (Q4).
 
This came on the back of a low base, analysts tracking the company said.
 
Bloomberg consensus estimates had pegged Q4 net profit for the Bengaluru-based company at Rs 549 crore.
 
Revenue for the quarter rose 59 per cent over the previous year to Rs 7,494 crore, against a forecast of Rs 7,516.8 crore by a poll of Bloomberg analysts. Sales of its key jewellery segment, accounting for 88 per cent of