Titan Q3 net profit up 12% to Rs 530 cr as jewellery division sparkles

Consolidated revenue up 17 per cent to Rs 7,659 crore, diamond-studded jewellery, coin sales continue to rule high

Buoyed by growth in the jewellery division, Titan Company on Wednesday posted an 11.8 per cent increase in consolidated net profit at Rs 530 crore for the third quarter ended FY21. The company had posted a net profit of Rs 474 crore in the corresponding period a year ago. 

Consolidated revenue during the quarter stood at Rs 7,659 crore, up 16.9 per cent against a revenue of Rs 6,550 crore in the year-ago period, the company said in a BSE filing.

“Titan Company reported a return to yoy growth in sales in Q3 of FY21 led by an impressive festive